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Journal Article
A Dual Liquidity Model for Emerging Markets
American Economic Review, Papers & Proceedings
Author(s)
This very short paper presents a simple version of our ideas in a Mundell-Fleming framework. Our purpose is to illustrate why a dual liquidity model is useful for thinking about emerging markets' issues, and how its policy prescriptions may differ from other models.
Date Published:
2002
Citations:
Caballero, Ricardo, Arvind Krishnamurthy. 2002. A Dual Liquidity Model for Emerging Markets. American Economic Review, Papers & Proceedings. (2)33-37.