Quantitative properties of sovereign default models : solution methods matter /
5200 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 o...
| Main Authors: | , , |
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| Format: | Book |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund,
©2010
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| Series: | IMF working paper ;
WP/10/100 |
| Subjects: |