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Author: | Aghion, P. Bacchetta, P. Banerjee, A. |
Title: | Currency crises and monetary policy in an economy with credit constraints |
Journal: | European Economic Review
2001 : JUN, VOL. 45:7, p. 1121-1150 |
Index terms: | CRISES CURRENCY FOREIGN DEBTS MONETARY POLICY |
Language: | eng |
Abstract: | This paper presents a simple model of currency crises which is driven by the interplay between the credit constraints of private domestic firms and the existence of nominal price rigidities. |
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