Article ID Journal Published Year Pages File Type
7349742 Economics Letters 2017 10 Pages PDF
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.
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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Asymmetric business cycles and sovereign default
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