Sovereign Defaults, External Debt, and Real Exchange Rate Dynamics /
Emerging countries experience real exchange rate depreciations around defaults. In this paper, we examine this observed pattern empirically and through the lens of a dynamic stochastic general equilibrium model. The theoretical model explicitly incorporates bond issuances in local and foreign curren...
| প্রধান লেখক: | |
|---|---|
| বিন্যাস: | পত্রিকা |
| ভাষা: | English |
| প্রকাশিত: |
Washington, D.C. :
International Monetary Fund,
2016.
|
| মালা: | IMF Working Papers; Working Paper ;
No. 2016/037 |
| অনলাইন ব্যবহার করুন: | Full text available on IMF |