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Sudden Stops and Optimal Self-Insurance

Sudden Stops and Optimal Self-Insurance »

Source: Sudden Stops and Optimal Self-Insurance

Volume/Issue: 2008/144

Series: IMF Working Papers

Author(s): Jun Kim

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2008

ISBN: 9781451870022

Keywords: sudden stop, country insurance, optimal reserves, global game, probability, short-term debt, calibration, current account, reserve accumulation,

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 glo...

Sudden Stops and Optimal Self-Insurance

Sudden Stops and Optimal Self-Insurance »

Volume/Issue: 2008/144

Series: IMF Working Papers

Author(s): Jun Kim

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2008

DOI: http://dx.doi.org/10.5089/9781451870022.001

ISBN: 9781451870022

Keywords: sudden stop, country insurance, optimal reserves, global game, probability, short-term debt, calibration, current account, reserve accumulation,

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 glo...