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dc.contributor.authorShim, Ilhyocken
dc.contributor.authorSharma, Sunilen
dc.contributor.authorChami, Ralphen
dc.date.accessioned2009-01-28T15:06:13Z-
dc.date.available2009-01-28T15:06:13Z-
dc.date.issued2008-
dc.identifier.citation|aEconomics: The Open-Access, Open-Assessment E-Journal|c1864-6042|v2|h2008-14|nKiel Institute for the World Economy (IfW)|lKiel|y2008|p1-41en
dc.identifier.pidoi:10.5018/economics-ejournal.ja.2008-14en
dc.identifier.urihttp://hdl.handle.net/10419/18027-
dc.description.abstractThe 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?s objective is to safeguard its resources and be concerned about the welfare of the borrower, an ex ante loan contract is more likely to create the right incentives than an ex post loan contract. Such contracts highlight the need for precommitment to contend with the Samaritan?s dilemma and time inconsistency, and state-contingent repayment schemes to deal with King Lear?s dilemma.en
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.subject.jelD82en
dc.subject.jelF02en
dc.subject.jelF33en
dc.subject.jelG22en
dc.subject.ddc330en
dc.subject.keywordIMFen
dc.subject.keywordcoinsurance arrangementen
dc.subject.keywordmoral hazarden
dc.subject.keywordSamaritan?s dilemmaen
dc.subject.keywordKing Lear?s dilemmaen
dc.subject.stwInternationale Kreditvergabeen
dc.subject.stwAnpassungsprogramm des IWFen
dc.subject.stwVersicherungsökonomiken
dc.subject.stwMoral Hazarden
dc.subject.stwTheorieen
dc.titleA Model of the IMF as a Coinsurance Arrangement-
dc.typeArticleen
dc.identifier.ppn566320185en
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen
dc.identifier.repecRePEc:zbw:ifweej:7281en
econstor.citation.journaltitleEconomics: The Open-Access, Open-Assessment E-Journalen
econstor.citation.issn1864-6042en
econstor.citation.volume2en
econstor.citation.issue2008-14en
econstor.citation.publisherKiel Institute for the World Economy (IfW)en
econstor.citation.publisherplaceKielen
econstor.citation.year2008en
econstor.citation.startpage1en
econstor.citation.endpage41en

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