Smoothing sudden stops

Emerging economies are exposed to severe and sudden shortages of international financial resources. Yet domestic agents seem not to undertake enough precautions against these sudden stops. Following our previous work, we highlight in this paper the central role played by limited domestic development...

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Bibliographic Details

Main Authors:	Caballero, Ricardo (Author), Krishnamurthy, Arvind (Author)
Format:	Book
Language:	English
Series:	NBER working paper series no.8427
Subjects:	Insurance exchages > Mathematical models.
Online Access:	Download full text here