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010   $a9781283517683
010   $a128351768X
010   $a9781451909814
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035   $a(PQKBTitleCode)TC0000943215
035   $a(PQKBWorkID)10976958
035   $a(PQKB)11734706
035   $a(OCoLC)694141239
035   $a(IMF)WPIEE2006268
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035   $a(IMF)WPIEA2006268
035   $aWPIEA2006268
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100   $a20020129d2006      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 /$fPhilippe Karam, Douglas Hostland
205   $a1st ed.
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (35 p.)
225 1 $aIMF Working Papers
300   $a"December 2006."
311 08$a9781451865288 
311 08$a1451865287 
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 Papers; Working Paper ;$vNo. 2006/268
606   $aDebts, External$zDeveloping countries
606   $aEconomic development$zDeveloping countries
606   $aBanks and Banking$2imf
606   $aDebt burden$2imf
606   $aDebt Management$2imf
606   $aDebt$2imf
606   $aDebts, External$2imf
606   $aDebts, Public$2imf
606   $aDeflation$2imf
606   $aExports and Imports$2imf
606   $aExternal debt$2imf
606   $aFinance$2imf
606   $aInflation$2imf
606   $aInterest rates$2imf
606   $aInterest Rates: Determination, Term Structure, and Effects$2imf
606   $aInternational economics$2imf
606   $aInternational Lending and Debt Problems$2imf
606   $aMacroeconomics$2imf
606   $aPrice Level$2imf
606   $aPrices$2imf
606   $aPublic debt$2imf
606   $aPublic finance & taxation$2imf
606   $aPublic Finance$2imf
606   $aReal interest rates$2imf
606   $aSovereign Debt$2imf
615  0$aDebts, External
615  0$aEconomic development
615  7$aBanks and Banking
615  7$aDebt burden
615  7$aDebt Management
615  7$aDebt
615  7$aDebts, External
615  7$aDebts, Public
615  7$aDeflation
615  7$aExports and Imports
615  7$aExternal debt
615  7$aFinance
615  7$aInflation
615  7$aInterest rates
615  7$aInterest Rates: Determination, Term Structure, and Effects
615  7$aInternational economics
615  7$aInternational Lending and Debt Problems
615  7$aMacroeconomics
615  7$aPrice Level
615  7$aPrices
615  7$aPublic debt
615  7$aPublic finance & taxation
615  7$aPublic Finance
615  7$aReal interest rates
615  7$aSovereign Debt
700   $aKaram$b Philippe$01815665
701   $aHostland$b Douglas$01816210
801  0$bDcWaIMF
906   $aBOOK
912   $a9910967323403321
996   $aSpecification of a Stochastic Simulation Model for Assessing Debt Sustainability in Emerging Market Economies$94372007
997   $aUNINA