Publication:
Country Insurance : Reducing Systemic Vulnerabilities in Latin America and the Caribbean

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-06-14T15:36:24Z
dc.date.available2012-06-14T15:36:24Z
dc.date.issued2008-03
dc.description.abstractThis study begins from the premise that output and consumption are more volatile and prone to sharp contractions in developing than in high-income economies. This suggests that developing countries are somehow "underinsured" and may thus need to invest more in "country insurance" policies. To shed some light on this issue, the author begin by providing in the first chapter evidence of the excessive volatility faced by developing countries in general (and Latin American and Caribbean, LAC, countries in particular) and then discuss some of the welfare costs associated with such volatility. In second chapter, the author focus on the main trade-offs and on the strategic choices confronted by developing countries if they decide to increase their resilience to external shocks. Finally, in the third chapter, the author look at different policy options, focusing on how the international financial institutions (IFIs) in general and the World Bank in particular can help developing countries' reduce their vulnerability to external shocks. While excessive volatility in developing countries affects both government and the private sectors, this study limits its focus to the government sector. The private sector challenges will be addressed in future research.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/03/9526944/country-insurance-reducing-systemic-vulnerabilities-latin-america-caribbean-latin-america-caribbean-region-country-insurance-reducing-systemic-vulnerabilities
dc.identifier.doi10.1596/8010
dc.identifier.urihttps://hdl.handle.net/10986/8010
dc.languageEnglish
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO INSURANCE
dc.subjectADVANCED ECONOMIES
dc.subjectAGENCY PROBLEM
dc.subjectASSET CLASS
dc.subjectASSET MANAGEMENT
dc.subjectASSET POSITION
dc.subjectASSET PRICES
dc.subjectASSET-LIABILITY MANAGEMENT
dc.subjectASYMMETRIC INFORMATION
dc.subjectBANK ASSETS
dc.subjectBANKING SECTOR
dc.subjectBASIS POINTS
dc.subjectBOND
dc.subjectBOND ISSUE
dc.subjectBOND PRICES
dc.subjectBOND SPREADS
dc.subjectBONDHOLDERS
dc.subjectBORROWER
dc.subjectBORROWING COSTS
dc.subjectBUSINESS CYCLE
dc.subjectBUSINESS CYCLES
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL OUTFLOW
dc.subjectCASH FLOW
dc.subjectCASH FLOWS
dc.subjectCATASTROPHE BOND
dc.subjectCATASTROPHE BONDS
dc.subjectCENTRAL BANK
dc.subjectCOLLATERAL
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICES
dc.subjectCONTINGENT DEBT
dc.subjectCONTINGENT LIABILITIES
dc.subjectCORPORATE DEBT
dc.subjectCOUNTRY RISK
dc.subjectCOUPON
dc.subjectCOUPONS
dc.subjectCREDIBILITY
dc.subjectCREDIT LINE
dc.subjectCREDIT LINES
dc.subjectCREDIT RATING
dc.subjectCREDIT RATINGS
dc.subjectCREDIT RECORDS
dc.subjectCREDIT RISK
dc.subjectCREDITWORTHINESS
dc.subjectCURRENCY
dc.subjectCURRENCY MISMATCH
dc.subjectCURRENCY MISMATCHES
dc.subjectCURRENCY RISK
dc.subjectDATA AVAILABILITY
dc.subjectDEBT
dc.subjectDEBT BURDEN
dc.subjectDEBT CRISES
dc.subjectDEBT ISSUANCE
dc.subjectDEBT MANAGEMENT
dc.subjectDEBT PAYMENTS
dc.subjectDEBT RATIOS
dc.subjectDEBT SERVICE
dc.subjectDEBTOR
dc.subjectDEBTOR COUNTRIES
dc.subjectDEBTORS
dc.subjectDEBTS
dc.subjectDEFAULTS
dc.subjectDERIVATIVE
dc.subjectDERIVATIVE MARKET
dc.subjectDERIVATIVE MARKETS
dc.subjectDERIVATIVES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPING ECONOMIES
dc.subjectDEVELOPMENT BANK
dc.subjectDISCOUNT RATE
dc.subjectDOLLAR DEBT
dc.subjectDOMESTIC BANKING
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC DEBT
dc.subjectDOMESTIC FINANCIAL MARKETS
dc.subjectDOMESTIC MARKETS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING ECONOMY
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET BOND
dc.subjectEMERGING MARKETS
dc.subjectEXPORTERS
dc.subjectEXPOSURE
dc.subjectEXTERNAL DEBT
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL CONTAGION
dc.subjectFINANCIAL CONTRACTS
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL FLOWS
dc.subjectFINANCIAL INNOVATION
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SAVINGS
dc.subjectFINANCIAL SHOCK
dc.subjectFINANCIAL SHOCKS
dc.subjectFISCAL POLICIES
dc.subjectFLEXIBLE EXCHANGE RATE
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CURRENCIES
dc.subjectFOREIGN CURRENCY
dc.subjectGLOBAL BOND
dc.subjectGLOBAL BOND INDEX
dc.subjectGLOBAL MARKETS
dc.subjectGOVERNMENT BOND
dc.subjectGOVERNMENT BOND YIELD
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT FINANCES
dc.subjectGOVERNMENT POLICIES
dc.subjectHEDGES
dc.subjectHOLDING
dc.subjectHOLDINGS
dc.subjectHUMAN CAPITAL
dc.subjectINCOME FLOW
dc.subjectINCOME GROUPS
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LEVEL
dc.subjectINCOME SHOCK
dc.subjectINCOME SHOCKS
dc.subjectINDEXED BOND
dc.subjectINDEXED BONDS
dc.subjectINEFFICIENT MARKETS
dc.subjectINFLATION
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE POLICIES
dc.subjectINSURANCE POLICY
dc.subjectINSURANCE PREMIUM
dc.subjectINSURANCE PREMIUMS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANKS
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL MARKETS
dc.subjectINTERNATIONAL CREDIT
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectINTERNATIONAL FINANCIAL STATISTICS
dc.subjectINTERNATIONAL INTEREST
dc.subjectINTERNATIONAL MARKETS
dc.subjectINVESTING
dc.subjectISSUANCE
dc.subjectLENDER
dc.subjectLENDER OF LAST RESORT
dc.subjectLEVY
dc.subjectLIABILITY COMPOSITION
dc.subjectLIMITED LIABILITY
dc.subjectLIMITED LIABILITY COMPANY
dc.subjectLIQUID ASSETS
dc.subjectLIQUID MARKET
dc.subjectLIQUIDATION
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY CRISES
dc.subjectLIQUIDITY CRISIS
dc.subjectLIQUIDITY RISK
dc.subjectLLC
dc.subjectLOAN
dc.subjectLOCAL CURRENCIES
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL FINANCIAL MARKETS
dc.subjectLOCAL GOVERNMENT
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMACROECONOMIC VOLATILITY
dc.subjectMARKET ACCESS
dc.subjectMARKET FAILURES
dc.subjectMARKET VALUE
dc.subjectMATURITY
dc.subjectMONETARY FUND
dc.subjectMORAL HAZARD
dc.subjectMULTILATERAL DEVELOPMENT
dc.subjectNATURAL DISASTER
dc.subjectNATURAL DISASTERS
dc.subjectNEGATIVE INCOME SHOCKS
dc.subjectNEGATIVE SHOCK
dc.subjectNEGATIVE SHOCKS
dc.subjectOIL PRICES
dc.subjectOPEN ECONOMY
dc.subjectOUTPUT
dc.subjectOUTPUT LOSS
dc.subjectOUTSIDE ASSISTANCE
dc.subjectOUTSTANDING DEBT
dc.subjectPORTFOLIO
dc.subjectPRICE MOVEMENTS
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE DEBT
dc.subjectPRIVATE INVESTMENTS
dc.subjectPRIVATE MARKETS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC DEBT MANAGEMENT
dc.subjectPUBLIC SPENDING
dc.subjectPUT OPTION
dc.subjectREAL EXCHANGE RATE
dc.subjectREPAYMENTS
dc.subjectREPO
dc.subjectRESERVE
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectRISK AVERSION
dc.subjectRISK DIVERSIFICATION
dc.subjectRISK MANAGEMENT
dc.subjectRISK POOLING
dc.subjectRISK PREMIUMS
dc.subjectRISK-TAKING CAPACITY
dc.subjectSAFETY NET
dc.subjectSAFETY NETS
dc.subjectSECONDARY TRADING
dc.subjectSECURITIES
dc.subjectSHOCKS TO INCOME
dc.subjectSHORT MATURITIES
dc.subjectSHORT-TERM DEBT
dc.subjectSMALL COUNTRIES
dc.subjectSOLVENCY
dc.subjectSOVEREIGN DEBT
dc.subjectSOVEREIGN LIABILITIES
dc.subjectSOVEREIGN RISK
dc.subjectSTOCKS
dc.subjectSWAP
dc.subjectSWAPS
dc.subjectTAX
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTREASURY BILLS
dc.subjectTURNOVER
dc.subjectUNDERLYING ASSET
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.titleCountry Insurance : Reducing Systemic Vulnerabilities in Latin America and the Caribbeanen
dspace.entity.typePublication
okr.date.disclosure2008-06-06
okr.date.doiregistration2025-05-07T10:35:49.852362Z
okr.doctypeEconomic & Sector Work::Other Financial Accountability Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2008/03/9526944/country-insurance-reducing-systemic-vulnerabilities-latin-america-caribbean-latin-america-caribbean-region-country-insurance-reducing-systemic-vulnerabilities
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid101321468091485447
okr.identifier.externaldocumentum000334955_20080610054733
okr.identifier.internaldocumentum9526944
okr.identifier.report43066
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/06/10/000334955_20080610054733/Rendered/PDF/430660ESW0P1011isclosed0June0602008.pdfen
okr.region.administrativeLatin America & Caribbean
okr.themePublic expenditure, financial management and procurement
okr.themeOther accountability/anti-corruption
okr.themeCorporate governance
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth
okr.unitChief Economist (LCRCE)
okr.volume1 of 1
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