create a website

The impact of financial frictions on a small open economy: when current account borrowing hits a limit. (2002). Valderrama, Diego.
In: Working Paper Series.
RePEc:fip:fedfwp:2002-15.

Full description at Econpapers || Download paper

Cited: 13

Citations received by this document

Cites: 28

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Dynamic Capital Inflow Transmission Of Monetary Policy To Emerging Markets. (2016). Olani, Adugna.
    In: Working Paper.
    RePEc:qed:wpaper:1358.

    Full description at Econpapers || Download paper

  2. The present-value model of the current account has been rejected: Round up the usual suspects. (2006). Rogers, John ; Nason, James.
    In: Journal of International Economics.
    RePEc:eee:inecon:v:68:y:2006:i:1:p:159-187.

    Full description at Econpapers || Download paper

  3. Sudden Stops in an Equilibrium Business Cycle Model with Credit Constraints: A Fisherian Deflation of Tobins Q. (2005). Mendoza, Enrique.
    In: 2005 Meeting Papers.
    RePEc:red:sed005:307.

    Full description at Econpapers || Download paper

  4. Are Asset Price Guarantees Useful for Preventing Sudden Stops?: A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff. (2005). Mendoza, Enrique ; Durdu, C. Bora.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:11178.

    Full description at Econpapers || Download paper

  5. Putting the Brakes on Sudden Stops: The Financial Frictions-Moral Hazard Tradeoff of Asset Price Guarantees. (2004). Mendoza, Enrique ; Durdu, C. Bora.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:10790.

    Full description at Econpapers || Download paper

  6. Putting the brakes on Sudden Stops: the financial frictions-moral hazard tradeoff of asset price guarantees. (2004). Mendoza, Enrique ; Durdu, C. Bora.
    In: Working Paper Series.
    RePEc:fip:fedfwp:2004-33.

    Full description at Econpapers || Download paper

  7. Statistical Nonlinearities in the Business Cycle. (2003). Valderrama, Diego.
    In: Computing in Economics and Finance 2003.
    RePEc:sce:scecf3:219.

    Full description at Econpapers || Download paper

  8. The present-value model of the current account has been rejected: round up the usual suspects. (2003). Rogers, John ; Nason, James.
    In: International Finance Discussion Papers.
    RePEc:fip:fedgif:760.

    Full description at Econpapers || Download paper

  9. The present-value model of the current account has been rejected: Round up the usual suspects. (2003). Rogers, John ; Nason, James.
    In: FRB Atlanta Working Paper.
    RePEc:fip:fedawp:2003-7.

    Full description at Econpapers || Download paper

  10. Why Should Emerging Economies Give up National Currencies: A Case for Institutions Substitution. (2002). Mendoza, Enrique.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:8950.

    Full description at Econpapers || Download paper

  11. Why Should Emerging Economies Give Up National Currencies?: A Case for Institutions Substitution. (2002). Mendoza, Enrique.
    In: IDB Publications (Working Papers).
    RePEc:idb:brikps:1912.

    Full description at Econpapers || Download paper

  12. Nonlinearities in international business cycles. (2002). Valderrama, Diego.
    In: Working Paper Series.
    RePEc:fip:fedfwp:2002-23.

    Full description at Econpapers || Download paper

  13. Statistical nonlinearities in the business cycle: a challenge for the canonical RBC model. (2002). Valderrama, Diego.
    In: Working Paper Series.
    RePEc:fip:fedfwp:2002-13.

    Full description at Econpapers || Download paper

References

References cited by this document

    References contributed by pre33-30281

  1. (1995) ‘The terms of trade, the real exchange rate, and economic fluctuations.’ International Economic Review 36(1), 101–137.
    Paper not yet in RePEc: Add citation now
  2. (1996b) ‘Sustainability of persistent current account deficits.’ Working Paper 5467, National Bureau of Economic Research, Cambridge, MA, February (1997) ‘Sharp reduction in current account deficits: An empirical analysis.’ Working Paper 97/168, IMF, December (1998) ‘Current account reversals and currency crises: Empirical regularities.’ Working Paper 98/89, IMF Potter, Simon M. (1999) ‘Nonlinear time series modelling: An introduction.’ Journal of Economic Surveys 13(5), 505–528.
    Paper not yet in RePEc: Add citation now
  3. (1998) ‘SNP: A program for nonparametric time series analysis, version 8.7, user’s guide.’ Working paper, University of North Carolina at Chapel Hill. Available along with code and worked example by anonymous ftp at site ftp.econ.duke.edu in directory pub/arg/snp (2000) ‘Efficient method of moments.’ Working Paper Gallant, A. Ronald, Peter E. Rossi, and George Tauchen (1993) ‘Nonlinear dynamic structures.’ Econometrica 61, 871–907.
    Paper not yet in RePEc: Add citation now
  4. (2001) ‘Credit, prices, and crashes: Business cycles with a sudden stop.’ Unpublished manuscript.
    Paper not yet in RePEc: Add citation now
  5. (2001) ‘Does the current account matter?’ Unpublished Manuscript Epstein, Larry G. (1983) ‘Stationary cardinal utility and cardinal growth under uncertainty.’ Journal of Economic Theory 31, 133–152.
    Paper not yet in RePEc: Add citation now
  6. Arellano, Cristina, and Enrique G. Mendoza (2002) ‘Credit frictions and ’sudden stops’ in small open economies: An equilibrium business cycle framework for emerging markets crises.’ Working Paper 8880, NBER, Cambridge, MA, April.

  7. Baxter, Marianne, and Robert G. King (1999) ‘Measuring business cycles: Approximate band-pass filters for economic time series.’ Review of Economics Studies 81(4), 575–93.

  8. Brock, William A. (2000) ‘Wither nonlinear?’ Journal of Economic Dynamics and Control 24(5– 7), 663–678.

  9. Calvo, Guillermo A. (1998) ‘Capital flows and capital market crises: The simple economics of sudden stops.’ Journal of Applied Economics 1(1), 35–54.

  10. Christiano, Lawrence J., and Terry J. Fitzgerald (1999) ‘The band pass filter.’ Working Paper 7257: NBER, Cambridge, MA.
    Paper not yet in RePEc: Add citation now
  11. Conference Volume Edwards, Sebasti´an (1998) ‘Capital inflows into Latin America: A stop-go story.’ Working Paper No. 6441: NBER, Cambridge, MA.

  12. Dufour, Jean Marie, Abdeljelil Farhat, Lucien Gardiol, and Lynda Khalaf (1998) ‘Simulationbased finite sample normality tests in linear regressions.’ Econometrics Journal 1(1), C154–C173.

  13. Gallant, A. Ronald, and Douglas W. Nychka (1987) ‘Semi-nonparametric maximum likelihood estimation.’ Econometrica 55, 363–390.

  14. Gallant, A. Ronald, and George Tauchen (1996) ‘Which moments to match.’ Econometric Theory 12, 657–681.

  15. Greenwood, Jeremy, Zvi Hercowitz, and Gregory M. Huffman (1988) ‘Investment, capacity utilization, and the real business cycle.’ The American Economic Review 78(3), 402–417. 1988 Hodrick, R., and Edward C. Prescott (1980) ‘Post-war U.S. business cycles.’ Working paper, Carnegie Mellon University. Reproduced.

  16. Jarque, Carlos M., and Anil K. Bera (1987) ‘A test for normality of observations and regression residuals.’ International Statistical Review 55, 163–172 Jeske, Karsten (2000) ‘Private international debt with risk of repudiation.’ UnpublishedManuscript, Federal Reserve Bank of Atlanta.
    Paper not yet in RePEc: Add citation now
  17. King, Robert G., and Sergio T. Rebelo (1993) ‘Low frequency filtering and real business cycles.’ Journal of Economic Dynamics and Control 17, 207–231.

  18. McLeod, Ross H. (1997) ‘Policy conflicts in indonesia.’ ASEAN Economic Bulletin 14(1), 32–45.
    Paper not yet in RePEc: Add citation now
  19. Mendoza, Enrique G. (1991) ‘Real business cycles in a small open economy.’ The American Economic Review 91(4), 797–818.

  20. Mendoza, Enrique G., and Katherine A. Smith (2001) ‘Margin calls, trading costs and sudden stops of capital inflows into emerging markets.’ Unpublished Manuscript.
    Paper not yet in RePEc: Add citation now
  21. Milessi-Ferretti, Gian Maria, and Assaf Razin (1996a) ‘Current account sustainability: Selected east asian and latin american experiences.’ Working Paper 5791, National Bureau of Economic Research, Cambridge, MA, October.
    Paper not yet in RePEc: Add citation now
  22. Radelet, Steven, and Jeffrey Sachs (1998) ‘The east asian financial crisis: Diagnosis, remedies, prospects.’ Brookings Paper 28(1), 1–74.

  23. Reinhart, Carmen M., and R. Todd Smith (2002) ‘Temporary controls on capital inflows.’ Journal of International Economics 57(2), 327–351.

  24. Schmitt-Groh´e, Stephanie, and Mart´ın Uribe (2001) ‘Closing small open economy models.’ Unpublished Manuscript.
    Paper not yet in RePEc: Add citation now
  25. Tauchen, George, and Robert Hussey (1991) ‘Quadrature-based methods for obtaining approximate solutions to nonlinear asset pricing models.’ Econometrica 59, 371–396.

  26. Urz´ua, Carlos M. (1996) ‘On the correct use of omnibus tests for normality.’ Economics Letters 53(3), 247–271.
    Paper not yet in RePEc: Add citation now
  27. Valderrama, Diego (2001) ‘Statistical nonlinearities in the business cycle: A challenge for the canonical rbc model.’ Unpublished manuscript, Duke University.

  28. Williamson, John (1997) ‘Mexican policy toward foreign borrowing.’ In Coming Together?: Mexico– United States Relations, ed. Barry Bosworth, Susan M. Collins, and Nora Claudia Lustig (Washington, D.C.: Brookings Institution) chapter 3, pp. 59–77.
    Paper not yet in RePEc: Add citation now

Cocites

Documents in RePEc which have cited the same bibliography

  1. Financial openness and Chinese regional growth imbalance: New insight from spatial spillovers. (2021). Wu, Zhouheng ; Yuan, Shenguo.
    In: The North American Journal of Economics and Finance.
    RePEc:eee:ecofin:v:57:y:2021:i:c:s1062940821000644.

    Full description at Econpapers || Download paper

  2. Consumption and credit constraints: a model and evidence from Ireland. (2019). Merola, Rossana ; Gerlach-Kristen, Petra.
    In: Empirical Economics.
    RePEc:spr:empeco:v:57:y:2019:i:2:d:10.1007_s00181-018-1461-4.

    Full description at Econpapers || Download paper

  3. A model for international spillovers to emerging markets. (2019). Otrok, Christopher ; Mohimont, Jolan ; Houssa, Romain.
    In: Working Paper Research.
    RePEc:nbb:reswpp:201904-370.

    Full description at Econpapers || Download paper

  4. Nonconventional monetary policy in a regime-switching model with endogenous financial crises. (2018). Barreto, Leonardo.
    In: Documentos CEDE.
    RePEc:col:000089:016382.

    Full description at Econpapers || Download paper

  5. IMF Programs and Sensitivity to External Shocks: An Empirical Application. (2016). Miescu, Mirela.
    In: Working Papers.
    RePEc:qmw:qmwecw:wp791.

    Full description at Econpapers || Download paper

  6. IMF Programs and Sensitivity to External Shocks: An Empirical Application. (2016). Miescu, Mirela.
    In: Working Papers.
    RePEc:qmw:qmwecw:791.

    Full description at Econpapers || Download paper

  7. International Financial Adjustment in a Canonical Open Economy Growth Model. (2016). Clarida, Richard ; Magyari, Ildiko.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:22758.

    Full description at Econpapers || Download paper

  8. Predictability of Growth in Emerging Markets: Information in Financial Aggregates. (2016). Banegas, Ayelen.
    In: International Finance Discussion Papers.
    RePEc:fip:fedgif:1174.

    Full description at Econpapers || Download paper

  9. External constraints and endogenous growth: Why didnt some countries benefit from capital flows?. (2015). Leon-Ledesma, Miguel ; Gente, Karine ; Nourry, Carine.
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:56:y:2015:i:c:p:223-249.

    Full description at Econpapers || Download paper

  10. Fiscal Impulse during the 2008 Crisis. (2013). Baranov, Igor ; Castro, P C ; Salgado, G B ; Micic, D.
    In: Working Papers.
    RePEc:sps:wpaper:809.

    Full description at Econpapers || Download paper

  11. External Constraints and Endogenous Growth: Why Didnt Some Countries Benefit from Capital Flows?. (2013). Leon-Ledesma, Miguel ; Gente, Karine ; Nourry, Carine.
    In: Working Papers.
    RePEc:hal:wpaper:halshs-00822385.

    Full description at Econpapers || Download paper

  12. Consumption and Credit Constraints: A Model and Evidence for Ireland. (2013). Merola, Rossana ; Gerlach-Kristen, Petra.
    In: Papers.
    RePEc:esr:wpaper:wp471.

    Full description at Econpapers || Download paper

  13. Borrowing constraints and the trade balance–output comovement. (2013). Zhao, Yan.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:32:y:2013:i:c:p:34-41.

    Full description at Econpapers || Download paper

  14. Monetary and exchange rate policy under remittance fluctuations. (2013). Mandelman, Federico.
    In: Journal of Development Economics.
    RePEc:eee:deveco:v:102:y:2013:i:c:p:128-147.

    Full description at Econpapers || Download paper

  15. External Constraints and Endogenous Growth: Why Didn’t Some Countries Benefit from Capital Flows?. (2013). Leon-Ledesma, Miguel ; Gente, Karine.
    In: AMSE Working Papers.
    RePEc:aim:wpaimx:1329.

    Full description at Econpapers || Download paper

  16. Borrowing constraints and the trade balance-output comovement. (2011). Zhao, Yan.
    In: MPRA Paper.
    RePEc:pra:mprapa:36902.

    Full description at Econpapers || Download paper

  17. Financial Crisis and Macro-Prudential Policies. (2011). Young, Eric ; Rebucci, Alessandro ; Otrok, Christopher ; Benigno, Gianluca ; Chen, Huigang.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:8175.

    Full description at Econpapers || Download paper

  18. Policy Response to External Shocks: Lessons from the Crisis. (2011). Ramos Francia, Manuel ; Cuadra, Gabriel ; Capistrán, Carlos ; Ramosfrancia, Manuel ; Capistran, Carlos.
    In: Working Papers.
    RePEc:bdm:wpaper:2011-14.

    Full description at Econpapers || Download paper

  19. Business Cycles around the Globe: A Regime Switching Approach. (2010). Bildirici, Melike ; Altug, Sumru.
    In: Koç University-TUSIAD Economic Research Forum Working Papers.
    RePEc:koc:wpaper:1009.

    Full description at Econpapers || Download paper

  20. Foreign Exchange Reserves in a Credit Constrained Economy. (2010). Akdoğan, Kurmaş.
    In: Birkbeck Working Papers in Economics and Finance.
    RePEc:bbk:bbkefp:1014.

    Full description at Econpapers || Download paper

  21. Sudden stops, banking crises and investment collapses in emerging markets. (2009). Joyce, Joseph ; Nabar, Malhar.
    In: Journal of Development Economics.
    RePEc:eee:deveco:v:90:y:2009:i:2:p:314-322.

    Full description at Econpapers || Download paper

  22. Default Risk and Risk Averse International Investors. (2009). Lizarazo, Sandra.
    In: Working Papers.
    RePEc:cie:wpaper:0907.

    Full description at Econpapers || Download paper

  23. Early, Late, and Multiple Bidding in Internet Auctions. (2009). Vadovic, Radovan.
    In: Working Papers.
    RePEc:cie:wpaper:0904.

    Full description at Econpapers || Download paper

  24. Bankruptcy Costs, Liability Dollarization, and Vulnerability to Sudden Stops. (2008). Honig, Adam ; Aysun, Uluc.
    In: Working papers.
    RePEc:uct:uconnp:2008-41.

    Full description at Econpapers || Download paper

  25. Shocks to Terms of Trade and Risk-premium in an Intertemporal Model: The Dutch Disease and a Dutch Party. (2008). Vines, David ; Kuralbayeva, Karlygash.
    In: Open Economies Review.
    RePEc:kap:openec:v:19:y:2008:i:3:p:277-303.

    Full description at Econpapers || Download paper

  26. Sovereign default, interest rates and political uncertainty in emerging markets. (2008). Sapriza, Horacio ; Cuadra, Gabriel.
    In: Journal of International Economics.
    RePEc:eee:inecon:v:76:y:2008:i:1:p:78-88.

    Full description at Econpapers || Download paper

  27. Trade Openness Effect in Sudden Stops. (2008). Vasconcelos, Enrico.
    In: Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting].
    RePEc:anp:en2008:200807211046210.

    Full description at Econpapers || Download paper

  28. Vulnerabilities in Emerging Southeastern Europe—How Much Cause for Concern?. (2007). International Monetary Fund, .
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2007/236.

    Full description at Econpapers || Download paper

  29. Fiscal and Monetary Policies and the Cost of Sudden Stops. (2007). Noy, Ilan ; Hutchison, Michael ; Wang, Lidan.
    In: Working Papers.
    RePEc:hai:wpaper:200724.

    Full description at Econpapers || Download paper

  30. Macroeconomics of broken promises. (2007). Heymann, Daniel.
    In: Documentos de Proyectos.
    RePEc:ecr:col022:3557.

    Full description at Econpapers || Download paper

  31. The structural determinants of external vulnerability. (2006). Raddatz, Claudio ; Loayza, Norman.
    In: Policy Research Working Paper Series.
    RePEc:wbk:wbrwps:4089.

    Full description at Econpapers || Download paper

  32. Assessing debt sustainability in emerging market economies using stochastic simulation methods. (2006). Hostland, Doug ; Karam, Philippe .
    In: Policy Research Working Paper Series.
    RePEc:wbk:wbrwps:3821.

    Full description at Econpapers || Download paper

  33. Quantitative implications of a debt-deflation theory of Sudden Stops and asset prices. (2006). Smith, Katherine ; Mendoza, Enrique.
    In: Journal of International Economics.
    RePEc:eee:inecon:v:70:y:2006:i:1:p:82-114.

    Full description at Econpapers || Download paper

  34. Are asset price guarantees useful for preventing Sudden Stops?: A quantitative investigation of the globalization hazard-moral hazard tradeoff. (2006). Mendoza, Enrique ; Durdu, C. Bora.
    In: Journal of International Economics.
    RePEc:eee:inecon:v:69:y:2006:i:1:p:84-119.

    Full description at Econpapers || Download paper

  35. External currency pricing and the East Asian crisis. (2006). Devereux, Michael ; Cook, David.
    In: Journal of International Economics.
    RePEc:eee:inecon:v:69:y:2006:i:1:p:37-63.

    Full description at Econpapers || Download paper

  36. Sudden stops and the Mexican wave: Currency crises, capital flow reversals and output loss in emerging markets. (2006). Noy, Ilan ; Hutchison, Michael.
    In: Journal of Development Economics.
    RePEc:eee:deveco:v:79:y:2006:i:1:p:225-248.

    Full description at Econpapers || Download paper

  37. Monetary Policy under Sudden Stops. (2005). Cúrdia, Vasco.
    In: International Finance.
    RePEc:wpa:wuwpif:0510025.

    Full description at Econpapers || Download paper

  38. A Quantitative Model of Sudden Stops and External Liquidity Management. (2005). Panageas, Stavros ; Caballero, Ricardo.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:11293.

    Full description at Econpapers || Download paper

  39. Exchange rate overshooting and the costs of floating. (2004). Roubini, Nouriel ; Cavallo, Michele ; Kisselev, Kate .
    In: Computing in Economics and Finance 2004.
    RePEc:sce:scecf4:62.

    Full description at Econpapers || Download paper

  40. Dollar bloc or dollar block: external currency pricing and the East Asian crisis. (2004). Devereux, Michael ; Cook, David.
    In: Working Paper Series.
    RePEc:fip:fedfwp:2004-35.

    Full description at Econpapers || Download paper

  41. Country spreads and emerging countries: who drives whom?. (2004). Yue, Vivian ; Uribe, Martín ; Devereux, Michael B. ; Cook, David.
    In: Proceedings.
    RePEc:fip:fedfpr:y:2004:i:jun:x:6.

    Full description at Econpapers || Download paper

  42. Liability dollarization and the bank balance sheet channel. (2004). Cook, David ; Choi, Woon Gyu.
    In: Journal of International Economics.
    RePEc:eee:inecon:v:64:y:2004:i:2:p:247-275.

    Full description at Econpapers || Download paper

  43. Lending booms, sharp reversals and real exchange rate dynamics. (2004). Gopinath, Gita.
    In: Journal of International Economics.
    RePEc:eee:inecon:v:62:y:2004:i:1:p:1-23.

    Full description at Econpapers || Download paper

  44. Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets. (2004). Noy, Ilan ; Hutchison, Michael.
    In: Santa Cruz Department of Economics, Working Paper Series.
    RePEc:cdl:ucscec:qt88m6g98w.

    Full description at Econpapers || Download paper

  45. Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets. (2004). Noy, Ilan ; Hutchison, Michael.
    In: Santa Cruz Department of Economics, Working Paper Series.
    RePEc:cdl:ucscec:qt38j2b036.

    Full description at Econpapers || Download paper

  46. Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets. (2004). Noy, Ilan ; Hutchison, Michael.
    In: Santa Cruz Center for International Economics, Working Paper Series.
    RePEc:cdl:scciec:qt38j2b036.

    Full description at Econpapers || Download paper

  47. Financial Integration and Macroeconomic Volatility. (2003). Terrones, Marco ; Prasad, Eswar ; Kose, Ayhan.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2003/050.

    Full description at Econpapers || Download paper

  48. Lending Booms, Sharp Reversals and Real Exchange Rate Dynamics. (2003). Gopinath, Gita.
    In: Scholarly Articles.
    RePEc:hrv:faseco:11988005.

    Full description at Econpapers || Download paper

  49. SOVEREIGN RISK AND REAL BUSINESS CYCLES IN A SMALL OPEN ECONOMIC. (2002). Hamann, Franz.
    In: Borradores de Economia.
    RePEc:col:000094:003521.

    Full description at Econpapers || Download paper

  50. Sovereign Risk and Macroeconomic Fluctuations. (2002). Hamann, Franz.
    In: Borradores de Economia.
    RePEc:col:000094:003520.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-10-01 01:57:46 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.