The paper shows that an IMF-like coinsurance arrangement among countries can play a useful role in the global financial … system. The operation of the coinsurance arrangement is examined under different loan contracts. It shows that, if the IMF …

of the IMF in light of the past experience in preventing currency crises and a systemic breakdown of the world …’s financial system and points out necessary IMF reforms. It discusses how the IMF should adjust to the structural changes in the …

This paper discusses, in a very general way, a system of IMF insurance against sovereign default that could be offered … could be priced is also discussed in an appendix. Private lender membership in the IMF is also discussed. This would provide … the IMF with some of the powers that central banks now have. …

whereas migration itself seems to be the superior investment option compared to other productive activities such as livestock …

ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a …

to disentangle the effects of international spillovers via trade and FDI. My findings show that imports remain the main … channel of diffusion for both sets of countries, while FDI, although significant econometrically, has less quantitative impact …

Theoretical models point at various channels of the impact of inflation on corporate investment. This article attempts … corporate investment and inflation on the sample of 21 OECD countries in the years 1960-2005. The obtained negative relationship … relationship: marginal effect on corporate investment is higher at inflation rates between 3 and 5.5 per cent. These results …

exemplify possible applications related to trade and FDI. By overcoming several data limitations, our new global index can help …