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Capital Markets and the Instability of Open Economies

Aghion, Philippe; Bacchetta, Philippe; Banerjee, Abhijit - 2000

This paper introduces a framework for analyzing the role of financial factors as a source of instability in small open economies. Our basic model is a dynamic open economy model with one tradeable and one non-tradeable good with the non-tradeable being an input to the production of the...

Persistent link: https://www.econbiz.de/10011430005

Capital markets and the instability of open economies

Aghion, Philippe; Bacchetta, Philippe; Banerjee, Abhijit V. - 2000

Persistent link: https://www.econbiz.de/10011398740

Capital markets and the instability of open economies

Aghion, Philippe; Bacchetta, Philippe; Banerjee, Abhijit V. - In: The Asian financial crisis : causes, contagion and …, (pp. 167-190). 1999

Persistent link: https://www.econbiz.de/10001432109

Financial Development and the Instability of Open Economies

Aghion, Philippe - 2004

This paper introduces a framework for analyzing the role of financial factors as a source of instability in small open economies. Our basic model is a dynamic open economy model with a tradeable good produced with capital and a country-specific factor. We also assume that firms face credit...

Persistent link: https://www.econbiz.de/10012468447

Capital markets and the instability of open economies

Aghion, Philippe; Bacchetta, Philippe; Banerjee, Abhijit V. - 1999

Persistent link: https://www.econbiz.de/10013422751

Financial Development and the Instability of Open Economies

Aghion, Philippe; Banerjee, Abhijit V.; Bacchetta, Philippe - 2021

This paper introduces a framework for analyzing the role of financial factors as a source of instability in small open economies. Our basic model is a dynamic open economy model with a tradeable good produced with capital and a country-specific factor. We also assume that firms face credit...

Persistent link: https://www.econbiz.de/10013221113