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All financial institutions specialize, in dimensions that may include categories of assets and liabilities, types of services offered, customer demographics, and geographic coverage. The International Monetary Fund is the only international financial institution that is universal in its...
Persistent link: https://www.econbiz.de/10005248315
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;...
Persistent link: https://www.econbiz.de/10005263743
Designing appropriate governance structures for an international financial institution such as the IMF is difficult …
Persistent link: https://www.econbiz.de/10005825916
Two economists designed the main features of the charter of the IMF during World War II: John Maynard Keynes and Harry …
Persistent link: https://www.econbiz.de/10005768807
Drawing on recent research, this study elaborates on the role of the IMF in support of its lowincome members, pointing … financial institution, an information provider, and a commitment device. The IMF assists low-income members through a range of … building. The study reviews the features of IMF policies towards its low-income membership and points to the main challenges to …
Persistent link: https://www.econbiz.de/10005599367
shaped by their economics training and their nationalities. After the IMF began functioning as an institution, its evolution …
Persistent link: https://www.econbiz.de/10005604900