Expectativas cambiarias, selección adversa y liquidez
This paper evaluates the short-term implications of exchange rate expectations in credit markets affected by adverse selection. It presents a model for a credit market in which debt contracts are contingent on the income of borrowers. Since legacy assets are denominated in a foreign currency, contra...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universidad Autónoma de Nuevo León, Facultad de Economía
2014-05-01
|
| Series: | Ensayos Revista de Economía |
| Subjects: | |
| Online Access: | http://ensayos.uanl.mx/index.php/ensayos/article/view/31 |