Country Insurance /

In this paper, we examine how the presence of country insurance schemes affects policymakers' incentives to undertake reforms. Such schemes (especially when made contingent on negative external shocks) are more likely to foster than to delay reform in crisis-prone volatile economies. The conseq...

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Bibliographic Details
Main Author: Levy Yeyati, Eduardo
Other Authors: Cordella, Tito
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2004.
Series:IMF Working Papers; Working Paper ; No. 2004/148
Online Access:Full text available on IMF