Volume/Issue: 2009/276
Series: IMF Working Papers
Author(s):
Jaewoo Lee
,
Yongsung Chang
, and
Sun-Bin Kim
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
December
2009
ISBN: 9781451874211
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...
Volume/Issue: 2003/233
Series: IMF Working Papers
Author(s):
Miklós Koren
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
December
2003
ISBN: 9781451875614
The paper provides a general-equilibrium model where incomplete international financial markets lead to insufficient industrial specialization and low international trade. As international portfolio diversification...
Volume/Issue: 2009/276
Series: IMF Working Papers
Author(s):
Jaewoo Lee
,
Yongsung Chang
, and
Sun-Bin Kim
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
December
2009
DOI: http://dx.doi.org/10.5089/9781451874211.001
ISBN: 9781451874211
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...
Volume/Issue: 2003/233
Series: IMF Working Papers
Author(s):
Miklós Koren
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
December
2003
DOI: http://dx.doi.org/10.5089/9781451875614.001
ISBN: 9781451875614
The paper provides a general-equilibrium model where incomplete international financial markets lead to insufficient industrial specialization and low international trade. As international portfolio diversification...
Volume/Issue: 2009/209
Series: IMF Working Papers
Author(s):
Akito Matsumoto
,
Robert Flood
, and
Nancy Marion
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
September
2009
DOI: http://dx.doi.org/10.5089/9781451873566.001
ISBN: 9781451873566
Though theory suggests financial globalization should improve international risk sharing, empirical support has been limited. We develop a simple welfare-based measure that captures how far countries are from the i...
Volume/Issue: 2009/209
Series: IMF Working Papers
Author(s):
Akito Matsumoto
,
Robert Flood
, and
Nancy Marion
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
September
2009
ISBN: 9781451873566
Though theory suggests financial globalization should improve international risk sharing, empirical support has been limited. We develop a simple welfare-based measure that captures how far countries are from the i...