Borrowing Risk and the Tequila Effect /
This paper models the Tequila effect (triggered by the collapse of the Mexican peso in December 1994) as a temporary increase in the risk premium faced by domestic private borrowers on world capital markets. The effects of this shock are studied in an intertemporal optimizing framework where firms&#...
| Auteur principal: | |
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| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
1997.
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| Collection: | IMF Working Papers; Working Paper ;
No. 1997/086 |
| Accès en ligne: | Full text available on IMF |