An Estimated Small Open Economy Model of the Financial Accelerator /

This paper develops a small open economy model where entrepreneurs partially finance investment using foreign currency denominated debt subject to a risk premium above and beyond international interest rates. We use Bayesian estimation techniques to evaluate the importance of balance sheet vulnerabi...

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Bibliografske podrobnosti
Glavni avtor: Justiniano Espigares, Alejandro
Drugi avtorji: Elekdag, Selim, Tchakarov, Ivan
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2005.
Serija:IMF Working Papers; Working Paper ; No. 2005/044
Online dostop:Full text available on IMF

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