Sudden Stops and Optimal Self-Insurance /
This paper presents a simple model of optimal reserves that can be easily calibrated to compute optimal reserves as well as the implied probability of a sudden stop for given reserves. The model builds upon the global games framework of Morris and Shin to establish a unique relationship between the...
| Κύριος συγγραφέας: | |
|---|---|
| Μορφή: | Επιστημονικό περιοδικό |
| Γλώσσα: | English |
| Έκδοση: |
Washington, D.C. :
International Monetary Fund,
2008.
|
| Σειρά: | IMF Working Papers; Working Paper ;
No. 2008/144 |
| Διαθέσιμο Online: | Full text available on IMF |