Accounting for Global Dispersion of Current Accounts

Released on by Yongsung Chang
preview-18

  • Accounting for Global Dispersion of Current Accounts Book Detail

  • Author : Yongsung Chang
  • Release Date : 2009-12-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 35
  • ISBN 13 : 1451874219
  • File Size : 5,5 MB
DOWNLOAD BOOK

Accounting for Global Dispersion of Current Accounts by Yongsung Chang PDF Summary

Book Description: 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.

Disclaimer: www.yourbookbest.com does not own Accounting for Global Dispersion of Current Accounts books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.