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Browsing LACEA 2013 Papers by Author "Vargas, Hernando"

LACER-LACEA/Manakin Repository

Browsing LACEA 2013 Papers by Author "Vargas, Hernando"

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  • González, Andrés; Vargas, Hernando; Rodríguez, Diego (2014-10-23)
    It is argued that if sterilized FX intervention is effective due to the operation of the portfolio balance channel, it may also have an expansionary effect on credit supply and aggregate demand. In this case, the macroeconomic ...

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