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IS-LM-BP in the Pampas / Luis Felipe Cespedes, Roberto Chang, Andres Velasco.
- Format:
- Book
- Author/Creator:
- Cespedes, Luis Felipe.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w9337.
- NBER working paper series no. w9337
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2002.
- Summary:
- Emerging markets (sometimes endowed with fertile pampas) have limited access to world capital markets and suffer from original sin: they cannot borrow in their own currency. Does this mean that monetary and exchange rate policy has non-standard effects in such countries? We develop a simple IS-LM-BP model with balance sheet effects to study that question. Our answer: it all depends.
- Notes:
- Print version record
- November 2002.
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