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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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Kim, Jun (Jun Il) (Autor)
Autor Corporativo: International Monetary Fund. Research Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, Research Dept., [2008]
Colección:IMF working paper ; WP/08/144.
Temas:
Bank reserves > Developing countries > Econometric models.
Financial crises > Developing countries > Econometric models.
Bank reserves > Developing countries.
Banques > Réserves > Nouveaux pays industrialisés.
Crises financières > Nouveaux pays industrialisés > Modèles économétriques.
Bank reserves
Bank reserves > Econometric models
Financial crises > Econometric models
Währungsreserven.
Internationale Kapitalmobilität.
Developing countries
Computer network resources.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • I. Introduction; II. The Model; III. Model Calibration; IV. Concluding Remarks; Text Tables; 1. Actual and Calibrated Optimal Reserves for Selected EM Countries: 1993-2006; 2. Implied Probability of a Sudden Stop for Selected EM Countries: 1994-2007; 3. IMF Arrangements for Selected EM Countries: 1993-2006; Text Figures; 1. Actual and Calibrated Optimal Reserves for Selected EM Countries: 1993-; A. Latin America; B. Asia, Russia and Turkey; 2. Implied Probability of a Sudden Stop for Selected EM Countries: 1994-; A. Latin America; B. Asia, Russia and Turkey.

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