Pricing Sovereign Debt in Resource-Rich Economies /
How do oil price movements affect sovereign spreads in an oil-dependent economy? I develop a stochastic general equilibrium model of an economy exposed to co-moving oil price and output processes, with endogenous sovereign default risk. The model explains a large proportion of business cycle fluctua...
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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2019.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2019/240 |
| 在线阅读: | Full text available on IMF |