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The Balance of Payments and Borrowing Constraints: An Alternative View of the Mexican Crisis

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NBER1995-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5329
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资源简介:
In standard models of the balance of payments, crises occur when investors begin to doubt the credibility of the government's commitment to its exchange rate policy. In this paper, we develop an alternative model in which balance of payments crises occur even if the credibility of government fiscal,
提供机构:
美国国家经济研究局
创建时间:
1995-10-01
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