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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

Ralph Chami

A model of the IMF as a coinsurance arrangement

by Ralph Chami

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Published by Bank for International Settlements in Basel, Switzerland .
Written in English


Edition Notes

Statementby Ralph Chami, Sunil Sharma and Ilhyock Shim.
SeriesBIS working papers,, no. 170, BIS working papers (Online) ;, no. 170.
ContributionsSharma, Sunil, 1958-, Shim, Ilhyock., Bank for International Settlements. Monetary and Economic Dept.
Classifications
LC ClassificationsHG3879
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL3477137M
LC Control Number2005616757

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book equity and replicate their existing operations based on a larger book equity foundation. Cash dividends dissipate book equity and shareholders are reluctant to be diluted by issuing new shares. This points towards the existence of an optimal scale of the bank as given by an optimal size of its 4. A Model of Monetary Policy and Risk Premia 5 We further examine the impact of the nominal rate on banks’ holdings of liquid assets. As the nominal rate decreases, so does the cost of liquidity, and banks’ holdings of liquid assets grow. Indeed, when the nominal rate is near zero, banks hold large amounts of liquid assets. The central bank File Size: 1MB.

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A model of the IMF as a coinsurance arrangement by Ralph Chami Download PDF EPUB FB2

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.

A 'read' is counted each time someone views a publication summary (such as the title, abstract, and list of authors), clicks on a figure, or views or downloads the full-text.

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The principal conclusions and recommendations are as follows: changes under way in public and private pension schemes may increase significantly the influence of retirement saving and related capital flows in financial markets; governments could help to facilitate the development and expansion of markets for undersupplied financial instruments that will be useful for retirement savings and the.

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By Reinout De Bock, Andrea Maechler, and Nobuyasu Sugimoto (Versions in Français and deutsch) Low interest rates in the euro area pose substantial challenges to the life insurance industry. Insurers—particularly in Germany and Sweden—offer their clients long-term policies, sometimes more than 30 years, without holding assets of a correspondingly long duration.

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