European Parliament Library

Country Insurance, Eduardo Levy Yeyati, Tito Cordella

Contributor
Abstract
In this paper, we examine how the presence of country insurance schemes affects policymakers' incentives to undertake reforms. Such schemes (especially when made contingent on negative external shocks) are more likely to foster than to delay reform in crisis-prone volatile economies. The consequences of country insurance, however, hinge on the nature of the reforms being considered: "buffering" reforms, aimed at mitigating the cost of crises, could be partially substituted for, and ultimately discouraged by, insurance. By contrast, "enhancing" reforms that pay off more generously in the absence of a crisis are likely to be promoted
Table Of Contents
""Contents""; ""I. Introduction""; ""II. The Model""; ""III. Insurance and Reforms""; ""IV. Extensions""; ""V. Concluding Remarks""; ""Appendix""; ""References""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (27 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781451901948

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