 | Optimal Reserves in Financially Closed Economies Author/Editor: Olivier Jeanne, Damiano Sandri. Release Date:April, 2016 Financially closed economies insure themselves against current-account shocks using international reserves. We characterize the optimal management of reserves using an open-economy model of more...
| Price: $18.00
|
| Macro-Hedging for Commodity Exporters Author/Editor: Eduardo Borensztein, Damiano Sandri, Olivier Jeanne. Release Date:October, 2009 This paper uses a dynamic optimization model to estimate the welfare gains of hedging against commodity price risk for commodity-exporting countries. The introduction of hedging instruments such as more...
| Price: $18.00
|
| A Theory of International Crisis Lending and IMF Conditionality Author/Editor: Jeronimo Zettelmeyer, Jonathan David Ostry, Olivier Jeanne. Release Date:October, 2008 We present a framework that clarifies the financial role of the IMF, the rationale for conditionality, and the conditions under which IMF-induced moral hazard can arise. In the model, traditional more...
| Price: $18.00
|
| Structuring and Restructuring Sovereign Debt : The Role of a Bankruptcy Regime Author/Editor: Patrick Bolton, Olivier Jeanne. Release Date:August, 2007 In an environment characterized by weak contractual enforcement, sovereign lenders can enhance the likelihood of repayment by making their claims more difficult to restructure ex post. We show more...
| Price: $18.00
|
 | Country Insurance: The Role of Domestic Policies : The Role of Domestic Policies Release Date:April, 2007 This paper focuses on what countries can do on their own—that is, on the role of domestic policies—with respect to country insurance. Member countries are routinely faced with a range of shocks that more...
| Price: $15.00
|
| The Optimal Level of International Reserves for Emerging Market Countries : Formulas and Applications Author/Editor: Romain Ranciere, Olivier Jeanne. Release Date:October, 2006 We present a model of the optimal level of international reserves for a small open economy that is vulnerable to sudden stops in capital flows. Reserves allow the country to smooth domestic more...
| Price: $18.00
|
| Government Debt in Emerging Market Countries : A New Data Set Author/Editor: Anastasia Guscina, Olivier Jeanne. Release Date:April, 2006 This paper presents a new database on government debt in 19 emerging market countries since 1980. The data set focuses on the structure of debt in terms of jurisdiction of insurance, maturity, more...
| Price: $15.00
|
| Sovereign Debt Structure for Crisis Prevention Author/Editor: Eduardo Borensztein, Olivier Jeanne, Paolo Mauro, Jeronimo Zettelmeyer, Marcos Chamon. Release Date:January, 2005 The debate on government debt in the context of possible reforms of the international financial architecture has thus far focused on crisis resolution. This paper seeks to broaden this debate. It more...
| Price: $25.00
|
| The Mussa Theorem (and Other Results on IMF-Induced Moral Hazard) Author/Editor: Olivier Jeanne, Jeronimo Zettelmeyer. Release Date:October, 2004 Using a simple model of international lending, we show that as long as the IMF lends at an actuarially fair interest rate and debtor governments maximize the welfare of their taxpayers, any changes more...
| Price: $15.00
|
| Credible Commitment to Optimal Escape from a Liquidity Trap : The Role of the Balance Sheet of an Independent Central Bank Author/Editor: Olivier Jeanne, Lars E O Svensson. Release Date:September, 2004 An independent central bank can manage its balance sheet and its capital so as to commit itself to a depreciation of its currency and an exchange rate peg. This way, the central bank can implement more...
| Price: $15.00
|
|
Help