TY - BOOK ID - 1653027 TI - Country insurance: the role of domestic policies AU - Becker, Torbjörn AU - Jeanne, Olivier AU - Mauro, Paolo PY - 2007 VL - 254 SN - 9781589066076 1589066073 PB - Washington, D.C. IMF DB - UniCat KW - Economic policy and planning (general) KW - Public debt KW - Balance of payments KW - Debts, Public KW - Reserves (Accounting) KW - Financial crises KW - Debt service KW - Balance des paiements KW - Dettes publiques KW - Reserves (Comptabilite) KW - Crises financieres KW - Service de la dette KW - Crises financières KW - Réserves (Comptabilité) KW - Economic policy KW - Government liability KW - 330.05 KW - 338.9 KW - Government immunity KW - Government responsibility KW - Liability, Government KW - Liability, Public KW - Liability of the state KW - Public liability KW - Sovereign immunity KW - State liability KW - State responsibility KW - Tort liability of the government KW - Tort liability of the state KW - Administrative law KW - Administrative responsibility KW - Constitutional law KW - Liability (Law) KW - Misconduct in office KW - Public law KW - Torts KW - Act of state KW - Constitutional torts KW - State action (Civil rights) KW - Debts, Government KW - Government debts KW - National debts KW - Public debts KW - Sovereign debt KW - Debt KW - Bonds KW - Deficit financing KW - Economic nationalism KW - Economic planning KW - National planning KW - State planning KW - Economics KW - Planning KW - National security KW - Social policy KW - Law and legislation KW - Balance of payments - Developing countries. KW - Debts, Public - Developing countries. KW - Reserves (Accounting) - Developing countries. KW - Financial crises - Developing countries. KW - Debt service - Developing countries. KW - Balance des paiements - Nouveaux pays industrialises. KW - Dettes publiques - Nouveaux pays industrialises. KW - Reserves (Comptabilite) - Nouveaux pays industrialises. KW - Crises financieres - Nouveaux pays industrialises. KW - Service de la dette - Nouveaux pays industrialises. UR - https://www.unicat.be/uniCat?func=search&query=sysid:1653027 AB - "Countries face a range of shocks that can contribute to higher volatility in aggregate output and, in extreme cases, to economic crises. The presence of such risks underlies a potential demand for mechanism to soften the blow from adverse economic shocks. Such a protective infrastructure is referred to in this paper as "country insurance." Protective measures that countries can take themselves ("self-insurance") include sound economic policies, robust financial structures, and adequate reserve coverage. Beyond self-insurance, countries have also established regional arrangements that pool risks while, at the multilateral level, the IMF plays a central role through the temporary provision of its resources when shocks create balance of payments difficulties for a member, and through the policy advice it provides under surveillance. The Occasional paper focuses on what countries can do on their own -- that is, on the role of domestic policies -- with respect to country insurance."--Preface ER -