Sudden Stops and Optimal Foreign Exchange Intervention
收藏NBER2020-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w28079
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资源简介：
We model sudden stops in a small open economy as rare discrete events precipitated by increases in the world risk-free rate. When external debt is large, the model exhibits multiple equilibria, one where external debt and consumption remain high, and one with a collapse in external debt and
提供机构：
美国国家经济研究局
创建时间：
2020-11-01
