Céspedes, Luis Felipe, Chang, Roberto and Velasco, Andres 
ORCID: 0000-0003-0441-5062
(2003)
IS-LM-BP in the Pampas.
IMF Staff Papers, 50 (Special Issue).
International Monetary Fund, Washington, DC.
Abstract
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 policies have nonstandard 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.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Additional Information: | © 2003 International Monetary Fund |
| Divisions: | School of Public Policy ?? SCPP ?? |
| Subjects: | H Social Sciences > HG Finance |
| Date Deposited: | 14 Oct 2019 15:33 |
| Last Modified: | 14 Sep 2024 04:06 |
| URI: | http://eprints.lse.ac.uk/id/eprint/102089 |
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