Browsing Universidad Torcuato Di Tella by Author "Espino, Emilio"
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External Shocks versus Domestic Policies in Emerging Markets
Espino, Emilio; Kozlowski, Julian; Martin, Fernando M.; Sánchez, Juan M. (Federal Reserve Bank of Saint Louis, 2023)Debt crises in emerging markets have been linked to large fiscal deficits, high inflation rates, and large devaluations. This article studies a sovereign default model with domestic fiscal and monetary policies to understand ...