A (New) Country Insurance Facility

A (New) Country Insurance Facility
To cope with the self-fulfilling liquidity runs that triggered many recent financial crises, we propose the creation of a country insurance facility. The facility, which we envisage as complementary to the existing multilateral lending facilities, would provide eligible countries with automatic access to a credit line at a predetermined interest... READ MORE...

Publication date: January 2005
ISBN 9781451860429
$15.00

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