Is-Lm-Bp in the Pampas

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 policy has non-standard 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

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Year of publication:	[2021]
Authors:	Cespedes, Luis Felipe ; Chang, Roberto ; Velasco, Andrés
Publisher:	[S.l.] : SSRN
Subject:	Unvollkommener Markt \| Incomplete market \| IS-LM-Modell \| IS-LM model \| Geldpolitik \| Monetary policy \| Schwellenländer \| Emerging economies \| Wechselkurspolitik \| Exchange rate policy \| Kapitalmobilität \| Capital mobility \| Zahlungsbilanztheorie \| Balance-of-payments theory

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Extent:	1 Online-Ressource (33 p)
Series:	NBER Working Paper ; No. w9337
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 2002 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

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