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Benigno, Gianluca (1)Chen, Huigang (1)
Rebucci, Alessandro (1)
Young, Eric R. (1)
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DEUDA (1)MERCADO FINANCIERO (1)... View More
Date Issued
2011 (1)
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Artículo (1)
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Revisiting overborrowing and its policy implications 

Author
Benigno, Gianluca; Chen, Huigang; Rebucci, Alessandro; Young, Eric R.
Date
Banco Central de Chile, 2011
Subject
DEUDA; MERCADO FINANCIERO
Economies with imperfect financial market access may experience crises that cause significant economic dislocation. These crises are characterized by the sudden stop of domestic or international credit flows and they are associated with large declines in consumption output relative prices and asset ...
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