Arbeitspapier

Commercial banks, default insurance and IMF reforms

This paper discusses, in a very general way, a system of IMF insurance against sovereign default that could be offered to private lenders and banking groups. The system could overcome many of the current issues that plague the international private lending market, such as moral hazard on the part of private lenders, capital flight, and so on. How the insurance 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.

Sprache
Englisch

Erschienen in
Series: Economics Discussion Papers ; No. 2009-39

Klassifikation
International Monetary Arrangements and Institutions
International Lending and Debt Problems
Thema
Sovereign debt
insurance
option value
IMF

Ereignis
Geistige Schöpfung
(wer)
Rockerbie, Duane W.
Easton, Stephen T.
Ereignis
Veröffentlichung
(wer)
Kiel Institute for the World Economy (IfW)
(wo)
Kiel
(wann)
2009

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Rockerbie, Duane W.
  • Easton, Stephen T.
  • Kiel Institute for the World Economy (IfW)

Entstanden

  • 2009

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