Borradores de Economia
Número:
395
Publicado:
Clasificación JEL:
F41, F32, G15, H62, H63
Palabras clave:
Sudden stops, Credit booms, Country risk, Fear of floating
Lo más reciente
Martha Rosalba López-Piñeros, Eduardo Sarmiento Gómez
Clark Granger-Castaño, Dairo Ayiber Estrada, Valeria Salas, Jhuliana Sofía Segura-Durán
Juan Camilo Medellín-Martínez, Juan Camilo Medellín-Martínez
Capital inflows and outflows often remind policymakers of the monetary policy "trilemma" and the several associated dilemmas. To tackle these dilemmas, an equilibrium model of capital flows is proposed. The model captures bouts of capital inflows and outf