Journal Article

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.

JEL Classification: G10; F34;

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Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Business Review

Publication Date: 2013

Issue: Q4

Pages: 9-18