The economics of small open economies
Abstract: In recent years, the threat of sovereign debt crises has led investors to demand higher yields on bonds issued by heavily indebted developed countries such as Greece, Ireland, Spain, and Portugal. Pablo Guerron-Quintana explains why small open economies in both the developed and developing worlds share certain funding constraints and considers what lessons developed economies may draw from the experiences of their developing counterparts.
File format is application/pdf
Description: Full text
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Business Review
Publication Date: 2013