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...

Descrición completa

Detalles Bibliográficos
Autor Principal: Ricci, Luca
Outros autores: Chamon, Marcos, Zhang, Yuanyan
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/169
Acceso en liña:Full text available on IMF