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