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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Détails bibliographiques
Auteur principal: Lee, Jaewoo
Autres auteurs: Chang, Yongsung, Kim, Sun-Bin
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2009.
Collection:IMF Working Papers; Working Paper ; No. 2009/276
Accès en ligne:Full text available on IMF