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010   $a1-4623-7300-3
010   $a1-4527-0271-3
010   $a1-283-51768-X
010   $a9786613830135
010   $a1-4519-0981-0
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035   $a(EBL)3014534
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035   $a(PQKBTitleCode)TC0000943215
035   $a(PQKBWorkID)10976958
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035   $a(OCoLC)694141239
035   $a(IMF)WPIEE2006268
035   $a(MiAaPQ)EBC3014534
035   $a(EXLCZ)993360000000443938
100   $a20060622d2006      uf         0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aSpecification of a stochastic simulation model for assessing debt sustainability in emerging market economies /$fprepared by Doug Hostland and Philippe Karam
205   $a1st ed.
210   $a[Washington, D.C.] $cInternational Monetary Fund, Research Dept.$dc2006
215   $a1 online resource (35 p.)
225 1 $aIMF working paper ;$vWP/06/268
300   $a"December 2006."
311   $a1-4518-6528-7 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. OVERVIEW""; ""II. MODEL STRUCTURE""; ""III. CALIBRATION METHODOLOGY""; ""IV. MODEL PROPERTIES""; ""V. CONCLUSIONS""; ""REFERENCES""
330 3 $aThis paper documents the specification of a model that was constructed to assess debt sustainability in emerging market economies. Key features of the model include external and fiscal sectors, which allow assessment of external and public debt in a unified framework; public and external debt, which both have an explicit maturity structure along with a distinction between denomination in domestic versus foreign currency to facilitate debt management analysis; monetary and fiscal policy, which are endogenous and specified using explicit forward-looking policy rules; an endogenous risk premium on public and external debt; and a mechanism for invoking a sudden stop in private capital flows. The paper provides an overview of the basic structure of the model, outlines the methodology used to calibrate the parameters, and illustrates the key properties of the model with reference to dynamic responses of selected variables to shocks of interest.
410  0$aIMF working paper ;$vWP/06/268.
606   $aDebts, External$zDeveloping countries
606   $aEconomic development$zDeveloping countries
615  0$aDebts, External
615  0$aEconomic development
700   $aHostland$b Doug$01752809
701   $aKaram$b Philippe D$01752808
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910822178303321
996   $aSpecification of a stochastic simulation model for assessing debt sustainability in emerging market economies$94188279
997   $aUNINA