Aisen, Ari; Moreno, David - In: Revista de Analisis Economico – Economic Analysis Review 26 (2011) 2, pp. 61-79
Notwithstanding the effects of the expansive policies in the advanced economies, due to the 2008 financial crises, could raise their interest rates, generating a crowding-out effect over emerging market debt, this relation could not hold given the better fiscal position of these economies, such...