Author/Editor: Joseph E Gagnon, Tamim Bayoumi, Juan M Londono, Christian Saborowski, Horacio Sapriza.

Release Date:March, 2017

This paper explores the effects of unconventional monetary and exchange rate policies. We find that official foreign asset purchases have large effects on current accounts that diminish more...

Author/Editor: Leonardo Martinez, Horacio Sapriza, Juan Carlos Hatchondo.

Release Date:April, 2010

We study the sovereign default model that has been used to account for the cyclical behavior of interest rates in emerging market economies. This model is often solved using the discrete state space more...