Financial market frictions, monetary policy, and capital accumulation in a small open economy

DOI10.1006/jeth.1997.2372zbMath0910.90039OpenAlexW2739769066WikidataQ113445426 ScholiaQ113445426MaRDI QIDQ1270742

Elisabeth Huybens, Bruce D. Smith

Publication date: 3 November 1998

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1006/jeth.1997.2372

zbMATH Keywords

small open economymoney growthcredit rationingtwo steady states

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (4)

Temporary bubbles. ⋮ Poverty traps, the money growth rule, and the stage of financial development ⋮ CASH-IN-ADVANCE CONSTRAINTS, BUBBLES, AND MONETARY POLICY ⋮ Introduction to modeling money and studying monetary policy

Cites Work

• Optimal contracts and competitive markets with costly state verification
• Monitoring the monitor: An incentive structure for a financial intermediary
• Capital market imperfections, international credit markets, and nonconvergence
• Incentive-Compatible Debt Contracts: The One-Period Problem

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