Sudden Stops in the Euro Area
نویسندگان
چکیده
منابع مشابه
Smoothing sudden stops
Emerging economies are often exposed to sudden shortages of international financial resources. Yet domestic agents do not seem to take preventive measures against these sudden stops. We highlight the central role played by the limited development of ex ante (insurance) and ex post (spot) domestic financial markets in generating this collective undervaluation of international resources. We study...
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ژورنال
عنوان ژورنال: Review of Economics and Institutions
سال: 2012
ISSN: 2038-1379,2038-1344
DOI: 10.5202/rei.v3i3.97