Quantitative properties of sovereign default models : solution methods matter /
We study the sovereign default model that has been used to account for the cyclical behavior of interest rates in emerging market economies. This model is often solved using the discrete state space technique with evenly spaced grid points. We show that this method necessitates a large number of gri...
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| Інші автори: | , |
| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2010.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2010/100 |
| Онлайн доступ: | Full text available on IMF |