4 edition of A model of the IMF as a coinsurance arrangement found in the catalog.
A model of the IMF as a coinsurance arrangement
|Statement||by Ralph Chami, Sunil Sharma and Ilhyock Shim.|
|Series||BIS working papers,, no. 170, BIS working papers (Online) ;, no. 170.|
|Contributions||Sharma, Sunil, 1958-, Shim, Ilhyock., Bank for International Settlements. Monetary and Economic Dept.|
|The Physical Object|
|LC Control Number||2005616757|
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A Model of the IMF as a Coinsurance Arrangement Prepared by Ralph Chami, Sunil Sharma, and Ilhyock Shim1 November Abstract Keywords: IMF, coinsurance arrangement, conditionality, moral hazard, Samaritan’s dilemma, King Lear’s dilemma.
The paper shows that a coinsurance arrangement among countries can, in principle, play a useful role in helping countries bear the risks involved in developing their economies and integrating into the global financial system.
The operation of the coinsurance arrangement is examined under different loan contracts offered by the IMF. The analysis suggests that, if the IMF's objective is to Cited by: 5.
This book examines the challenges facing the international monetary and financial system, as well as the future role of the Bretton Woods institutions in addressing those challenges.
The volume is based on the proceedings of a conference cosponsored by the Banco de Espana and the International Monetary Fund to commemorate the 60th anniversary of the Bretton Woods meetings in July The paper develops a model of an IMF-like coinsurance arrangement among member countries.
First, it shows that a coinsurance arrangement among countries can, in principle, play a useful role in helping countries bear the risks involved in developing their economies and becoming part of the global financial by: The paper shows that an IMF-like coinsurance arrangement among countries can play a useful role in the global financial system.
The operation of the coinsurance arrangement is examined under. Downloadable. The paper shows that an IMF-like coinsurance arrangement among countries can play a useful role in the global financial system.
The operation of the coinsurance arrangement is examined under different loan contracts. It shows that, if the IMF?s objective is to safeguard its resources and be concerned about the welfare of the borrower, an ex ante loan contract is more likely to.
International Monetary Fund (IMF), Duke University - Department of Economics and International Monetary Fund - INS Ralph Chami, Thomas F. Cosimano and Connel Fullenkamp. International Monetary Fund (IMF), University of Notre Dame and Duke University - Department of Economics A Model of the IMF as a Coinsurance Arrangement.
Downloads "A Model of the IMF as a Coinsurance Arrangement," Economics Discussion PapersKiel Institute for the World Economy (IfW). Ralph Chami & Ilhyock Shim & Sunil Sharma, " A Model of the Imf As a Coinsurance Arrangement," IMF Working Papers 04/, International Monetary Fund.
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