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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| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2008.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 2008/144 |
| 在線閱讀: | Full text available on IMF |