Aguiar, Mark (contributor); Gopinath, Gita (contributor) - 2004
the Federal Reserve System
.
Defaultable Debt, Interest Rates and the Current
Account
Mark Aguiar
Chicago Graduate … Debt, Interest Rates and the Current Account
∗
Mark Aguiar
†
Chicago Graduate School of Business
Gita Gopinath
‡
Chicago … regularities regarding emerging markets: defaults
occur in equilibrium, interest rates are countercyclical, net exports are …