A (New) Country Insurance Facility /

To cope with the self-fulfilling liquidity runs that triggered many recent financial crises, we propose the creation of a country insurance facility. The facility, which we envisage as complementary to the existing multilateral lending facilities, would provide eligible countries with automatic acce...

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Bibliographic Details
Main Author: Cordella, Tito
Other Authors: Levy Yeyati, Eduardo
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2005.
Series:IMF Working Papers; Working Paper ; No. 2005/023
Online Access:Full text available on IMF