Accounting for Global Dispersion of Current Accounts
Object category:
Elektronische Ressource
Person/Institution:
Publisher:
International Monetary Fund
Place of publication:
Washington, D.C
Date:
2009
Extent, illustration, format:
Online-Ressource (33 p)
Language:
Englisch
Providing institution:
Additional information
Abstract:
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 model with limited borrowing can account for about two-thirds of the global dispersion of current accounts. The easing of financial frictions can explain nearly all changes in the current account dispersion in the past four decades whereas the easing of trade frictions has almost no impact on the current account dispersion
Object text:
Lee, Jaewoo
Online-Ausg.
Online-Ausg.
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Contact
Universität Erfurt
Forschungsbibliothek Gotha
Schloss Friedenstein
Schlossplatz 1
99867 Gotha
+49 361 737-5540
bibliothek.gotha(at)uni-erfurt.de
Forschungsbibliothek Gotha
Schloss Friedenstein
Schlossplatz 1
99867 Gotha
+49 361 737-5540
bibliothek.gotha(at)uni-erfurt.de
Administrative details
Created:
2023-04-12
Last changed:
2023-01-26
Added to portal:
2023-04-12
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