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What accounts for asymmetric (negatively skewed) business cycles in emerging economies? We show the asymmetry is tied to default risk and that a sovereign default model delivers negative skew. Click to show full abstract
What accounts for asymmetric (negatively skewed) business cycles in emerging economies? We show the asymmetry is tied to default risk and that a sovereign default model delivers negative skew.
Keywords:
default;
business cycles;
sovereign default;
cycles sovereign;
asymmetric business
Journal Title: Economics Letters
Year Published: 2017
Link to full text (if available)
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Journal Title: Economics Letters
Year Published: 2017
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!