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This paper extends the model of Aoki et al. (2009) considering a two sector small open economy. We study the interaction of borrowing, asset prices, and spillovers between tradable and non-tradable sectors. Our results suggest that when it is difficult to enforce debtors to repay their debt...
Persistent link: https://www.econbiz.de/10010819853
The interbank market helps regulate liquidity in the banking sector. Banks with outstanding resources usually lend to banks that are in needs of liquidity. Regulating the interbank market may actually benefit the policy stance of monetary policy. Introducing an interbank market in a general...
Persistent link: https://www.econbiz.de/10010553744
Analizan el rol de la intermediación financiera en la macroeconomía.
Persistent link: https://www.econbiz.de/10010819863
En este trabajo se presenta una caracterización de equilibrio parcial del mercado de crédito en una economía parcialmente dolarizada. Se introducen fricciones financieras, que toman la forma de costos de verificación y regulación bancaria, y se estudia su impacto en las tasas de interés...
Persistent link: https://www.econbiz.de/10010819877
This paper extends the model of Aoki et al. (2009) considering a two sector small open economy. We study the interaction of borrowing, asset prices, and spillovers between tradable and non-tradable sectors. Our results suggest that when it is difficult to enforce debtors to repay their debt...
Persistent link: https://www.econbiz.de/10010900652
This paper extends the model of Aoki et al. (2009) considering a two sector small open economy. We study the interaction of borrowing, asset prices, and spillovers between tradable and non-tradable sectors. Our results suggest that when it is difficult to enforce debtors to repay their debt...
Persistent link: https://www.econbiz.de/10011145581
Explican los efectos de la incertidumbre en la formulación de la política monetaria.
Persistent link: https://www.econbiz.de/10010671712
Presenta la conversación sostenida sobre la crisis financiera internacional y sus implicancias para la profesión, así como la visión del profesor de la macroeconomía.
Persistent link: https://www.econbiz.de/10010671718
Emerging economies were largely affected because of FED's quantitative easing (QE) policies. This paper assesses the impact of these measures in terms of key macroeconomic variables for a small open economy (SOE) such as Peru. We identify QE policy shocks in a SVAR with Block Exogeneity (Zha,...
Persistent link: https://www.econbiz.de/10011106758
En este documento se estima la Función de Producción y la productividad a nivel de firmas de la economía peruana. Los datos corresponden a todas las empresas formales que reportan datos entre el 2002 y 2011, información que permite corregir los tradicionales problemas de endogeneidad de...
Persistent link: https://www.econbiz.de/10011106759