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Financial frictions and exports dynamics in large devaluations
(Universidad Torcuato Di Tella, 2015)
We study the role of nancial frictions and balance-sheet e ects in accounting for the dy- namics of aggregate exports in large devaluations. In standard models of international trade, exports increase immediately following ...
External shocks, financial distress and debt renegotiation: the case of Argentina
(Universidad Torcuato Di Tella, 2008)
The Argentinean crisis of 2001 has incited a large body of literature seeking to explain its causes and dynamics. Although there was much debate on this topic, little effort has been invested in understanding the causes ...