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RDP 2009-08: Leverage Constraints and the International Transmission of Shocks
Equation
θ
s
+
1
I
=
β
I
(
C
¯
s
I
)
θ
s
I
,
β
I
′
(
C
¯
s
I
)
≤
0
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiUde3aa0 baaSqaaiaadohacqGHRaWkcaaIXaaabaGaamysaaaakiabg2da9iab ek7aInaaCaaaleqabaGaamysaaaakmaabmaabaGabm4qayaaraWaa0 baaSqaaiaadohaaeaacaWGjbaaaaGccaGLOaGaayzkaaGaeqiUde3a a0baaSqaaiaadohaaeaacaWGjbaaaOGaaiilaiaaykW7caaMc8Uaeq OSdi2aaWbaaSqabeaacaWGjbaccaGae8NmGikaaOWaaeWaaeaaceWG dbGbaebadaqhaaWcbaGaam4CaaqaaiaadMeaaaaakiaawIcacaGLPa aacqGHKjYOcaaIWaGaaiilaaaa@567F@