Research Center for International Finance
Policy discussion No. 2014.006, Apr. 16 2014
Emerging Markets Self-Insurance: The Gains and Pains
XU Qiyuan
Generally speaking, although there are still some significant shocks, the emerging markets nowadays have much stronger immunity from spillovers from major economies.
1. EMERGING MARKETS HAVE MANAGED TO INSURE THEMSELVES THROUGH THE ACCUMULATION OF FOREIGN EXCHANGE RESERVES.
……
2. THE NEGATIVE EFFECTS OF THE SELF-INSURANCE SOLUTION
……
3. ALTERNATIVES TO THE SELF-INSURANCE SOLUTION
……