Does IMF Financing Result in Moral Hazard?:
The view that the IMF's financial support gives rise to moral hazard has become increasingly prominent in policy discussions, particularly following the 1995 Mexican crisis. This paper seeks to clarify a number of conceptual issues and bring some basic empirical evidence to bear on this hypothe...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2000
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Schriftenreihe: | IMF Working Papers
Working Paper No. 00/168 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
Zusammenfassung: | The view that the IMF's financial support gives rise to moral hazard has become increasingly prominent in policy discussions, particularly following the 1995 Mexican crisis. This paper seeks to clarify a number of conceptual issues and bring some basic empirical evidence to bear on this hypothesis. While some element of moral hazard is a logical consequence of the IMF's financial support, such moral hazard is difficult to detect in market reactions to various IMF policy announcements and there is no evidence that such moral hazard has recently been on the rise |
Beschreibung: | 1 Online-Ressource (39 p) |
ISBN: | 1451858256 9781451858259 |
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spelling | Phillips, Steven Verfasser aut Does IMF Financing Result in Moral Hazard? Phillips, Steven Washington, D.C International Monetary Fund 2000 1 Online-Ressource (39 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 00/168 The view that the IMF's financial support gives rise to moral hazard has become increasingly prominent in policy discussions, particularly following the 1995 Mexican crisis. This paper seeks to clarify a number of conceptual issues and bring some basic empirical evidence to bear on this hypothesis. While some element of moral hazard is a logical consequence of the IMF's financial support, such moral hazard is difficult to detect in market reactions to various IMF policy announcements and there is no evidence that such moral hazard has recently been on the rise Online-Ausg Lane, Timothy D. Sonstige oth http://elibrary.imf.org/view/IMF001/01825-9781451858259/01825-9781451858259/01825-9781451858259.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Phillips, Steven Does IMF Financing Result in Moral Hazard? |
title | Does IMF Financing Result in Moral Hazard? |
title_auth | Does IMF Financing Result in Moral Hazard? |
title_exact_search | Does IMF Financing Result in Moral Hazard? |
title_exact_search_txtP | Does IMF Financing Result in Moral Hazard? |
title_full | Does IMF Financing Result in Moral Hazard? Phillips, Steven |
title_fullStr | Does IMF Financing Result in Moral Hazard? Phillips, Steven |
title_full_unstemmed | Does IMF Financing Result in Moral Hazard? Phillips, Steven |
title_short | Does IMF Financing Result in Moral Hazard? |
title_sort | does imf financing result in moral hazard |
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