This paper presents a two-country, two-good, two-currency overlapping generations model that features limited participation and costly state verification in the credit markets. The model is used to study the role of financial factors in the international transmission of business fluctuations, and to
Exchange rate regimes and import pricing
β Scribed by Yves Bourdet
- Publisher
- Springer US
- Year
- 1996
- Tongue
- English
- Weight
- 957 KB
- Volume
- 11
- Category
- Article
- ISSN
- 0889-938X
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