01738cas a2200253 a 4500 AALejournalIMF003371 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451860429 1018-5941 BD-DhAAL BD-DhAAL Cordella, Tito. A (New) Country Insurance Facility / Tito Cordella, Eduardo Levy Yeyati. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (33 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students To cope with the self-fulfilling liquidity runs that triggered many recent financial crises, we propose the creation of a country insurance facility. The facility, which we envisage as complementary to the existing multilateral lending facilities, would provide eligible countries with automatic access to a credit line at a predetermined interest rate. Eligibility criteria should be easily verifiable, focus on debt sustainability, and take into account the currency and maturity composition of the debt. Other critical design issues considered here include the size of the facility, its duration and charges, and the exit costs for a country that loses eligibility. Mode of access: Internet Levy Yeyati, Eduardo. IMF Working Papers; Working Paper ; No. 2005/023 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/023/001.2005.issue-023-en.xml IMF e-Library