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A Dual Liquidity Model for Emerging Markets, American Economic Review, Papers & Proceedings

Abstract

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.

Type

Article

Author(s)

Ricardo Caballero, Arvind Krishnamurthy

Date Published

2002

Citations

Caballero, Ricardo, and Arvind Krishnamurthy. 2002. A Dual Liquidity Model for Emerging Markets. American Economic Review, Papers & Proceedings.(2): 33-37.

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