Country insurance : the role of domestic policies / Torbjörn Becker [and others].

Format
Book
Language
English
Published/​Created
Washington, DC : International Monetary Fund, 2007.
Description
v, 36 pages : illustrations (some color) ; 28 cm.

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Firestone Library - Stacks HD87 .C68 2007 Browse related items Request

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    Summary note
    "Countries face a range of shocks that can contribute to higher volatility in aggregate output and, in extreme cases, to economic crises. The presence of such risks underlies a potential demand for mechanism to soften the blow from adverse economic shocks. Such a protective infrastructure is referred to in this paper as "country insurance." Protective measures that countries can take themselves ("self-insurance") include sound economic policies, robust financial structures, and adequate reserve coverage. Beyond self-insurance, countries have also established regional arrangements that pool risks while, at the multilateral level, the IMF plays a central role through the temporary provision of its resources when shocks create balance of payments difficulties for a member, and through the policy advice it provides under surveillance. The Occasional paper focuses on what countries can do on their own -- that is, on the role of domestic policies -- with respect to country insurance' -- preface, (v.).
    Bibliographic references
    Includes bibliographical references (p. 32-34).
    Contents
    • Introduction
    • Insurance against what? : shocks and their costs
    • Sound fundamentals and liability structures
    • Self-insurance through international reserves
    • Conclusion
    • Appendex: Data sources and definitions. Behavior of different types of financial flow. A model of optimal reserves.
    ISBN
    • 9781589066076
    • 1589066073
    LCCN
    2007297568
    OCLC
    123424281
    International Article Number
    • 9781589066076
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