Credit Frictions and 'Sudden Stops' in Small Open Economies: An Equilibrium Business Cycle Framework for Emerging Markets Crises

By C. Arellano, Enrique G. Mendoza. 2002

161 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/b9cde4e09167b7d67fe699145868ec6c638bff58

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Citations in the corpus

The Structural Determinants of External Vulnerability (2006, unknown): “See, for example, Kiyotaki and Moore (1997), Bernanke and Gertler (1989), Caballero and Hamour (1994, 1996, 1998), and Caballero and Krishnamurty (2001).”
On the Empirics of Sudden Stops: The Relevance of Balance-Sheet Effects (2004, unknown): “As a matter of fact, models that provide a fullfledged version of the effects of Sudden Stops on output such as Izquierdo (1999), Arellano and Mendoza (2002), and Calvo (2003) are concerned with real effects that are independent of nominal arrangements.”
The US as a Net Debtor: The Sustainability of the US External Imbalances (2004, unknown): “Also, as argued by Obstfeld and Rogoff (2004), faster growth outside of the U.”
Systemic Sudden Stops: The Relevance of Balance-Sheet Effects and Financial Integration (2008, unknown): “For example, although they do not deal with bankruptcies, models such as Izquierdo (1999) or Arellano and Mendoza (2002) help rationalize the effects of changes in the RER on output via external credit contraction, where the relevant price is that of non-tradable collateral relative to the tradable…”
Emerging Market Business Cycles: The Cycle Is the Trend (2007, unknown): “The sudden-stop phenomenon has been described in detail in Calvo and Reinhart (2000), Arellano and Mendoza (2002), and Go-pinath (2004), among others.”
Remittances and the Dutch disease (2009, background): “Although these alternatives are suitable in log-linear applications, this equivalence is unlikely to hold in models that aim to capture non-linear adjustments (Arellano and Mendoza, 2002).”
Financial Integration and Macroeconomic Volatility (2003, unknown): “Mendoza (2002) and Arellano and Mendoza (2002) find that the possibility of sudden stops due to borrowing constraints does not induce any sizable changes in the volatility of output and consumption.”
The Costs of Financial Crises: Resource Misallocation, Productivity and Welfare in the 2001 Argentine Crisis (2011, unknown): “Like Chari, Kehoe and McGrattan [9], Meza and Quintin [24], Benjamin and Meza [7], Kehoe and Ruhl [20], Christiano, Gust and Roldos [11], Neumeyer and Perri [28], Mendoza [25], Mendoza and Yue [27], Arellano andMendoza [1] and Mendoza and Smith [26], our paper aims to understand the consequences of ”