Accounting for Global Dispersion of Current Accounts /

We undertake a quantitative analysis of the dispersion of current accounts in an open economy version of incomplete insurance model, incorporating important market frictions in trade and financial flows. Calibrated with conventional parameter values, the stochastic stationary equilibrium of the mode...

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Bibliographic Details
Main Author: Lee, Jaewoo
Other Authors: Chang, Yongsung, Kim, Sun-Bin
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/276
Online Access:Full text available on IMF