An Imperfect Financial Union With Heterogeneous Regions
September 11, 2018
Preview Citation
Format: Chicago
Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Summary
Subject: Asset and liability management, Balance of payments, Consumption, Debt relief, Financial crises, Financial institutions, Loans, National accounts, Sudden stops
Keywords: Borrowing constraint, Capital flows, Consumption, Debt relief, Europe, Financial union, Governmental loan, Heterogeneous regions, Interest rate effect, Laissez-faire equilibrium, Loans, Lower bound, Math display, Nontradable goods, Pareto efficiency, Pareto gain, Pareto improvement, Pareto-improving intervention, Shadow interest rate, Sudden stop, Sudden stops, Tax-subsidy policy, WP
Publication Details
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Pages:
66
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Volume:
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DOI:
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Issue:
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Series:
Working Paper No. 2018/205
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Stock No:
WPIEA2018205
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ISBN:
9781484375631
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ISSN:
1018-5941