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Insuring Emerging Markets: Contingent Debt

Insuring Emerging Markets: Contingent Debt. Ricardo J. Caballero, MIT http://web.mit.edu/caball/www IADB, Washington, D.C. April 9, 2003. The Problem. Many structural/macro reforms but Capital Flows remain volatile IMF / Treasury proposals: Focus on extreme cases. Bankrupt economies.

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External bonds - PowerPoint PPT Presentation

Insuring Emerging Markets: Contingent Debt