Sovereign Insurance and Program Design : What is Optimal for the Sovereign? /
The design of the optimal sovereign insurance contract is analyzed when: the sovereign chooses the contract; effort is not contractible; shocks are of uncertain magnitude; the sovereign can save; and the sovereign can default. Under these conditions: i) an ex ante premium leads to higher coverage; i...
| Prif Awdur: | |
|---|---|
| Fformat: | Cylchgrawn |
| Iaith: | English |
| Cyhoeddwyd: |
Washington, D.C. :
International Monetary Fund,
2006.
|
| Cyfres: | IMF Working Papers; Working Paper ;
No. 2006/064 |
| Mynediad Ar-lein: | Full text available on IMF |