Monetary Independence and Rollover Crises
收藏NBER2018-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25340
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资源简介：
This paper shows that the inability to use monetary policy for macroeconomic stabilization leaves a government more vulnerable to a rollover crisis. We study a sovereign default model with self-fulfilling rollover crises, foreign currency debt, and nominal rigidities. When the government lacks
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美国国家经济研究局创建时间：
2018-12-01
