Managing Risk for Development : International Risk Sharing

This study reports that numerous direct and indirect international risk-sharing mechanisms exist, including (1) self-insurance at the state level, (2) market-based tools, (3) international labor mobility, (4) implicit hedges provided by macroeconomic flexibility, and (5) transfers and access to cred...

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Bibliographic Details
Main Authors: Aizenman, Joshua, Ötker-Robe, İnci
Format: Working Paper
Language:en_US
Published: World Bank, Washington, DC 2013
Subjects:
Online Access:http://hdl.handle.net/10986/16331