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We develop a model in which the elasticity of credit to exogenous shocks depends on creditor rights regulations. We show that an increase in creditor protection reduces the elasticity of credit supply to exogenous shocks...

Este trabajo expone un modelo teórico de interdependencia macroeconómica entre Argentina y Brasil en el que se representan distintos regímenes monetarios y cambiarios alternativos. Con este modelo se realizan ejercici...

We study the relationship between exchange rate regimes and economic growth for a sample of 154 countries over the post-Bretton Woods period (1974-1999), using a new de facto classification of regimes based on the actual...