Can a country take out financial insurance against macro-risks like currency instability or global terrorism?
Gresham College Lectures
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Gresham College Lectures
Can a country take out financial insurance against macro-risks like currency instability or global terrorism?
Dec 02, 2004
Gresham College
Many countries are vulnerable to external shocks such as a spike in oil prices, a drop in a competitor's currency or a collapse in world-wide tourism following a terrorist attack somewhere else. * Can governments hedge their economies against these risks using financial instruments in the same...

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