000			01632cas a2200241 4500
999			_c12298 _d12298
005			20190220123901.0
008			181212b20172017ck ||||| |||| 00| 0 spa d
040			_aBiblioteca de la Universidad del Pacífico
041			_ging.
100			_aSchmitt, Stephanie / _932755
240			_Iespañol _a=Ajustes a choques pequeños, grandes y sunspots en economías abiertas con restricciones sobre el colatera
245			_aAdjustment to small, large, and sunspot shocks in open economies with stock collateral constraints / _cStephanie Schmitt, Martín Uribe / _himpreso
260			_aColombia, _aBogotá: _bBanco de la República _c2017 (N°.82)
300			_a2-9, 8 pág. _b24*16
362			_aN°82. (jun,2017)
365			_2peso colombiano _b$6000 _jck _k57
520			_aThis paper characterizes analytically the adjustment of an open economy with a stock collateral constraint to fundamental and nonfundamental shocks. In the model, external borrowing is limited by the value of physical capital. Three results are established: (1) Adjustment to external shocks is nonlinear. In response to small negative output shocks, the economy adjusts as prescribed by the intertemporal approach to the current account, with increases in debt, deficits in the trade and current account balances, and no significant movement in the price of collateral.
700			_aI. Uribe, Martín / _932764
773	0		_09587 _917661 _dColombia : Banco de la República _oR002714 _tEnsayos sobre política económica _w43 _x0120-4483
856			_uhttp://www.banrep.gov.co
942			_2ddc _cANS
945			_aDoris Fernanda Valencia Murillo _d2018-12-12