; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "The Balance of Payments and Borrowing Constraints: An Alternative View of the Mexican Crisis"; ; "batchuser@example.com"; "Ríos-Rull, José-Víctor", "Atkeson, Andrew"; "Federal Reserve Bank of Minneapolis"; "International borrowing", "Balance of payments", "Speculative attacks", "Exchange rate crises"; "F31 - Foreign Exchange", "F34 - International Lending and Debt Problems"; "In this paper we develop a model in which a country faces a balance of payments crisis if constraints on its international borrowing bind. We use the model to describe the dynamics of the trade balance, capital account, and balance of payments of a country that borrows to finance consumption following sweeping macroeconomic and structural reforms and then hits constraints on its international borrowing. We compare the predictions of this theoretical example with events in Mexico from 1987 through 1995."^^; "1996-05"; "2019-08-21T03:10:53.863360589+00:00"^^; "https://doi.org/10.21034/sr.212"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Thu Nov 7 22:07:21 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "656", "39"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "212"; "Balance of payments", "International borrowing", "Exchange rate crises", "Speculative attacks"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in: _Journal of International Economics_ (Vol. 41, No. 3-4, December 1996, pp. 331-349) https://doi.org/10.1016/S0022-1996(96)01440-7. "^^; ; "Publication" . ; .