An Imperfect Financial Union With Heterogeneous Regions /
We analyze a union of financially-integrated yet politically-sovereign countries, where households in the Northern core of the union lend to those in the Southern periphery in a unified debt market subject to a borrowing constraint. This constraint generates sudden stops throughout the South, depres...
| Huvudupphovsman: | |
|---|---|
| Övriga upphovsmän: | |
| Materialtyp: | Tidskrift |
| Språk: | English |
| Publicerad: |
Washington, D.C. :
International Monetary Fund,
2018.
|
| Serie: | IMF Working Papers; Working Paper ;
No. 2018/205 |
| Länkar: | Full text available on IMF |