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...
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| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
2008.
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| Reeks: | IMF Working Papers; Working Paper ;
No. 2008/144 |
| Online toegang: | Full text available on IMF |