Guillermo A. Calvo Books
Macroeconomics in Times of Liquidity Crises
An examination of Liquidity Crunch in triggering and characterizing financial crises.Since the subprime mortgage crisis that began in 2007, advanced economies have felt a nagging sense of insecurit...
Read MoreMoney, Exchange Rates, and Output
Guillermo Calvo, who foresaw the financial crisis that followed the devaluationn of Mexico's peso, has spent much of his career thinking beyond the conventional wisdom. In a quiet and understated w...
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