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&#...
| Autore principale: | |
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| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
1997.
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| Serie: | IMF Working Papers; Working Paper ;
No. 1997/086 |
| Accesso online: | Full text available on IMF |