The economics of small open economies
Business Review, 2013, issue Q4, 9-18
In recent years, the threat of sovereign debt crises has led investors to demand higher yields on bonds issued by heavily indebted developed countries such as Greece, Ireland, Spain, and Portugal. Pablo Guerron-Quintana explains why small open economies in both the developed and developing worlds share certain funding constraints and considers what lessons developed economies may draw from the experiences of their developing counterparts.
JEL-codes: F34 G10 (search for similar items in EconPapers)
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