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...
Cote: | Libro Electrónico |
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Auteur principal: | |
Collectivité auteur: | |
Format: | Électronique eBook |
Langue: | Inglés |
Publié: |
Washington, D.C. :
International Monetary Fund, Research Dept.,
[2008]
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Collection: | IMF working paper ;
WP/08/144. |
Sujets: | |
Accès en ligne: | Texto completo |