ARRUDA, Gustavo; LIMA, Daniela; TELES, Vladimir K. - Escola de Economia de São Paulo (EESP), Fundação … - 2015
Credit markets in emerging economies can be distinguished from those in advanced economies in many respects, including the collateral required for households to borrow. This work proposes a DSGE framework to analyze one peculiarity that characterizes the credit markets of some emerging markets:...