Prasad, Eswar S. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011
’ external balance sheets is shifting to the asset side.However, emerging markets continue to look for more insurance against … balance ofpayments crises, even as self-insurance through reserve accumulation itself becomes riskier.I propose a mechanism … for global liquidity insurance that would meet emerging markets’demand for insurance with fewer domestic policy …