Pooling Fiscal Risk in the ECCU : Quantifying Savings of a Regional Fund for Stabilization and Investment /

This paper quantifies the savings obtained from risk pooling with a Regional Stabilization Fund (RSF) for the Eastern Caribbean Currency Union. A Monte Carlo experiment is used to estimate the size of a RSF conditional on probabilities of depletion under specific saving-withdrawal rules. Results ind...

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Autor principal: Guerson, Alejandro
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2021.
Col·lecció:IMF Working Papers; Working Paper ; No. 2021/191
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Accés en línia:Full text available on IMF