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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Xehetasun bibliografikoak
Egile nagusia: Cordella, Tito
Beste egile batzuk: Levy Yeyati, Eduardo
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2005.
Saila:IMF Working Papers; Working Paper ; No. 2005/023
Sarrera elektronikoa:Full text available on IMF
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100 1 |a Cordella, Tito. 
245 1 2 |a A (New) Country Insurance Facility /  |c Tito Cordella, Eduardo Levy Yeyati. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2005. 
300 |a 1 online resource (33 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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 access to a credit line at a predetermined interest rate. Eligibility criteria should be easily verifiable, focus on debt sustainability, and take into account the currency and maturity composition of the debt. Other critical design issues considered here include the size of the facility, its duration and charges, and the exit costs for a country that loses eligibility. 
538 |a Mode of access: Internet 
700 1 |a Levy Yeyati, Eduardo. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2005/023 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2005/023/001.2005.issue-023-en.xml  |z IMF e-Library