Country Insurance Using Financial Instruments /

The availability of financial instruments related to indices that track global financial conditions and risk appetite can potentially offer countries alternative options to insure against external shocks. This paper shows that while these instruments can explain much of the in-sample variation in bo...

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Bibliographic Details
Main Author: Ricci, Luca
Other Authors: Chamon, Marcos, Zhang, Yuanyan
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/169
Online Access:Full text available on IMF