Country insurance : the role of domestic policies / Torbjörn Becker...[et. al.]
Katkıda bulunan(lar):Becker, Torbjörn | International Monetary Fund.
Materyal türü:![materyalTürEtiketi](/opac-tmpl/lib/famfamfam/BK.png)
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Materyal türü | Geçerli yer | Yer numarası | Durum | İade tarihi | Barkod |
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SESRIC Library Rafta | 332.450 COU 2007 (Rafa gözat) | Kullanılabilir | 101005688 |
Includes bibliographical references (p. 32-34).
Introduction -- Insurance against what? : shocks and their costs -- Sound fundamentals and liability structures -- Self-insurance through international reserves -- Conclusion -- Appendex I. Data sources and definitions -- Appendix II. Behavior of different types of financial flow -- Appendix III. A model of optimal reserves.
"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
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