Chami, Ralph (contributor); Sharma, Sunil (contributor); … - 2008
's objective is to safeguard its resources and be concerned about the welfare of the borrower, an ex ante loan contract is more … contend with the Samaritan's dilemma and time inconsistency, and state-contingent repayment schemes to deal with King Lear …The paper shows that an IMF-like coinsurance arrangement among countries can play a useful role in the global financial …