메뉴 건너뛰기




Volumn 33, Issue 4, 2009, Pages 883-902

Quantitative implications of indexed bonds in small open economies

Author keywords

Degree of indexation; Financial frictions; Indexed bonds; Sudden Stops

Indexed keywords


EID: 59749087376     PISSN: 01651889     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jedc.2008.09.006     Document Type: Article
Times cited : (18)

References (36)
  • 1
    • 21844504524 scopus 로고
    • Uninsured idiosyncratic risk and aggregate saving
    • Aiyagari S.R. Uninsured idiosyncratic risk and aggregate saving. Quarterly Journal of Economics 109 3 (1994) 17-31
    • (1994) Quarterly Journal of Economics , vol.109 , Issue.3 , pp. 17-31
    • Aiyagari, S.R.1
  • 4
    • 59749105254 scopus 로고    scopus 로고
    • Caballero, R.J., 2002. Coping with Chile's external vulnerability: a financial problem. Draft, MIT.
    • Caballero, R.J., 2002. Coping with Chile's external vulnerability: a financial problem. Draft, MIT.
  • 5
    • 0042409462 scopus 로고    scopus 로고
    • International and domestic collateral constraints in a model of emerging market crises
    • Caballero R.J., and Krishnamurthy A. International and domestic collateral constraints in a model of emerging market crises. Journal of Monetary Economics 48 3 (2001) 513-548
    • (2001) Journal of Monetary Economics , vol.48 , Issue.3 , pp. 513-548
    • Caballero, R.J.1    Krishnamurthy, A.2
  • 6
    • 35748939980 scopus 로고    scopus 로고
    • Hedging sudden stops and precautionary recessions: a quantitative framework
    • Caballero R.J., and Panageas S. Hedging sudden stops and precautionary recessions: a quantitative framework. Journal of Development Economics 85 (2003) 28-57
    • (2003) Journal of Development Economics , vol.85 , pp. 28-57
    • Caballero, R.J.1    Panageas, S.2
  • 7
    • 0000476452 scopus 로고
    • Servicing the public debt: the role of expectations
    • Calvo G.A. Servicing the public debt: the role of expectations. American Economic Review 78 4 (1988) 647-661
    • (1988) American Economic Review , vol.78 , Issue.4 , pp. 647-661
    • Calvo, G.A.1
  • 8
    • 0003024831 scopus 로고    scopus 로고
    • Capital flows and capital-market crises: the simple economics of sudden stops
    • Calvo G.A. Capital flows and capital-market crises: the simple economics of sudden stops. Journal of Applied Economics 1 (1998) 35-54
    • (1998) Journal of Applied Economics , vol.1 , pp. 35-54
    • Calvo, G.A.1
  • 11
    • 59749091778 scopus 로고    scopus 로고
    • Devereux, M.B., Sutherland, A., 2006. A dynamic equilibrium model of imperfectly integrated financial markets. Draft, University of British Columbia.
    • Devereux, M.B., Sutherland, A., 2006. A dynamic equilibrium model of imperfectly integrated financial markets. Draft, University of British Columbia.
  • 12
    • 59749093682 scopus 로고    scopus 로고
    • Quantitative implications of indexed bonds in small open economies
    • Durdu, C.B., 2007. Quantitative implications of indexed bonds in small open economies. FRB IF Discussion Paper Series 909.
    • (2007) FRB IF Discussion Paper Series , vol.909
    • Durdu, C.B.1
  • 13
    • 33646165971 scopus 로고    scopus 로고
    • Are asset price guarantees useful for preventing sudden stops?: the globalization hazard-moral hazard tradeoff of asset price guarantees
    • Durdu C.B., and Mendoza E.G. Are asset price guarantees useful for preventing sudden stops?: the globalization hazard-moral hazard tradeoff of asset price guarantees. Journal of International Economics 69 (2006) 84-119
    • (2006) Journal of International Economics , vol.69 , pp. 84-119
    • Durdu, C.B.1    Mendoza, E.G.2
  • 14
    • 59749086241 scopus 로고    scopus 로고
    • Precatuionary demand for foreign assets in sudden stop economies: An assestment of new merchantalism
    • forthcoming
    • Durdu, C.B., Mendoza, E.G., Terrones, M., 2008. Precatuionary demand for foreign assets in sudden stop economies: an assestment of new merchantalism. Journal of Development Economics, forthcoming.
    • (2008) Journal of Development Economics
    • Durdu, C.B.1    Mendoza, E.G.2    Terrones, M.3
  • 15
    • 0009575675 scopus 로고
    • Stationary cardinal utility and optimal growth under uncertainty
    • Epstein L.G. Stationary cardinal utility and optimal growth under uncertainty. Journal of Economic Theory 31 (1983) 133-152
    • (1983) Journal of Economic Theory , vol.31 , pp. 133-152
    • Epstein, L.G.1
  • 16
    • 59749091527 scopus 로고    scopus 로고
    • Evans, M., Hnatkovska, V., 2006. Solving general equilibrium models with incomplete markets and many assets. Draft, Georgetown University.
    • Evans, M., Hnatkovska, V., 2006. Solving general equilibrium models with incomplete markets and many assets. Draft, Georgetown University.
  • 17
    • 0001469862 scopus 로고
    • The demand for indexed bonds
    • Fischer S. The demand for indexed bonds. Journal of Political Economy 83 3 (1975) 509-534
    • (1975) Journal of Political Economy , vol.83 , Issue.3 , pp. 509-534
    • Fischer, S.1
  • 18
    • 0001140573 scopus 로고
    • The risk free rate in heterogenous-agent, incomplete-insurance economies
    • Huggett M. The risk free rate in heterogenous-agent, incomplete-insurance economies. Journal of Economic Dynamics & Control 17 5-6 (1993) 953-969
    • (1993) Journal of Economic Dynamics & Control , vol.17 , Issue.5-6 , pp. 953-969
    • Huggett, M.1
  • 19
    • 59749095240 scopus 로고    scopus 로고
    • Judd, K.L., Kubler, F., Schmedders, K., 2000. Computational methods for dynamic equilibria with heterogenous agents. Draft, Stanford University.
    • Judd, K.L., Kubler, F., Schmedders, K., 2000. Computational methods for dynamic equilibria with heterogenous agents. Draft, Stanford University.
  • 20
    • 0036091163 scopus 로고    scopus 로고
    • International business cycles with endogenous incomplete markets
    • Kehoe P., and Perri F. International business cycles with endogenous incomplete markets. Econometrica 70 3 (2000) 907-928
    • (2000) Econometrica , vol.70 , Issue.3 , pp. 907-928
    • Kehoe, P.1    Perri, F.2
  • 21
    • 0041570075 scopus 로고    scopus 로고
    • Dynamics of open-economy business-cycle models: role of the discount factor
    • Kim S.H., and Kose M.A. Dynamics of open-economy business-cycle models: role of the discount factor. Macroeconomic Dynamics 7 2 (2003) 263-290
    • (2003) Macroeconomic Dynamics , vol.7 , Issue.2 , pp. 263-290
    • Kim, S.H.1    Kose, M.A.2
  • 22
    • 0038853390 scopus 로고    scopus 로고
    • Kopcke, R.W., Kimball, R.C., 1999. Inflation-indexed bonds: the dog that didn't bark. Federal Reserve Bank of Boston, New England Economic Review, January-February, 324.
    • Kopcke, R.W., Kimball, R.C., 1999. Inflation-indexed bonds: the dog that didn't bark. Federal Reserve Bank of Boston, New England Economic Review, January-February, 324.
  • 23
    • 0036148941 scopus 로고    scopus 로고
    • Explaining business cycles in small open economies: 'How much do world prices matter?'
    • Kose M.A. Explaining business cycles in small open economies: 'How much do world prices matter?'. Journal of International Economics 56 2 (2002) 299-327
    • (2002) Journal of International Economics , vol.56 , Issue.2 , pp. 299-327
    • Kose, M.A.1
  • 24
    • 0035182762 scopus 로고    scopus 로고
    • The external wealth of nations: measures of foreign assets and liabilities for industrial and developing countries
    • Lane P., and Milesi-Ferretti G.M. The external wealth of nations: measures of foreign assets and liabilities for industrial and developing countries. Journal of International Economics 55 (2001) 263-294
    • (2001) Journal of International Economics , vol.55 , pp. 263-294
    • Lane, P.1    Milesi-Ferretti, G.M.2
  • 25
    • 85045586708 scopus 로고
    • Which improves welfare more: a nominal or an indexed bond?
    • Magil M., and Quinzil M. Which improves welfare more: a nominal or an indexed bond?. Economic Theory 10 (1995) 1-37
    • (1995) Economic Theory , vol.10 , pp. 1-37
    • Magil, M.1    Quinzil, M.2
  • 26
    • 0001453216 scopus 로고
    • Real business cycles in a small open economy
    • Mendoza E.G. Real business cycles in a small open economy. American Economic Review 81 (1991) 797-818
    • (1991) American Economic Review , vol.81 , pp. 797-818
    • Mendoza, E.G.1
  • 27
    • 4544320090 scopus 로고    scopus 로고
    • Credit, prices, and crashes: business cycles with a sudden stop
    • Edwards S., and Frankel J. (Eds), University of Chicago Press
    • Mendoza E.G. Credit, prices, and crashes: business cycles with a sudden stop. In: Edwards S., and Frankel J. (Eds). Preventing Currency Crisis in Emerging Markets (2002), University of Chicago Press
    • (2002) Preventing Currency Crisis in Emerging Markets
    • Mendoza, E.G.1
  • 29
    • 59749094928 scopus 로고    scopus 로고
    • Margin calls, trading costs, and asset prices in emerging markets: the finanical mechanics of the 'sudden stop' phenomenon
    • Mendoza E.G., and Smith K.A. Margin calls, trading costs, and asset prices in emerging markets: the finanical mechanics of the 'sudden stop' phenomenon. Journal of International Economics 70 1 (2005) 82-114
    • (2005) Journal of International Economics , vol.70 , Issue.1 , pp. 82-114
    • Mendoza, E.G.1    Smith, K.A.2
  • 30
    • 15844361919 scopus 로고    scopus 로고
    • Business cycles in emerging economies: the role of interest rates
    • Neumeyer P.A., and Perri F. Business cycles in emerging economies: the role of interest rates. Journal of Monetary Economics 52 (2005) 345-380
    • (2005) Journal of Monetary Economics , vol.52 , pp. 345-380
    • Neumeyer, P.A.1    Perri, F.2
  • 31
    • 0000474505 scopus 로고
    • Private saving and terms of trade shocks
    • Ostry J.D., and Reinhart C. Private saving and terms of trade shocks. IMF Staff Papers 39 (1992) 495-517
    • (1992) IMF Staff Papers , vol.39 , pp. 495-517
    • Ostry, J.D.1    Reinhart, C.2
  • 34
    • 0001518154 scopus 로고
    • Quadrature-based methods for obtaining approximate solutions to nonlinear asset pricing models
    • Tauchen G., and Hussey R. Quadrature-based methods for obtaining approximate solutions to nonlinear asset pricing models. Econometrica 59 2 (1991) 371-396
    • (1991) Econometrica , vol.59 , Issue.2 , pp. 371-396
    • Tauchen, G.1    Hussey, R.2
  • 35
    • 59749096902 scopus 로고    scopus 로고
    • Tille, C., van Wincoop, E., 2007. International capital flows. Draft, University of Virginia.
    • Tille, C., van Wincoop, E., 2007. International capital flows. Draft, University of Virginia.
  • 36
    • 33646190771 scopus 로고    scopus 로고
    • Country spreads and emerging countries: who drives whom?
    • Uribe M., and Yue V. Country spreads and emerging countries: who drives whom?. Journal of International Economics 69 (2006) 6-36
    • (2006) Journal of International Economics , vol.69 , pp. 6-36
    • Uribe, M.1    Yue, V.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.