Global Financial Crises : Institutions and Incentives

Institutions and Incentives

Global Financial Crises : Institutions and Incentives
Increasing emphasis has been placed on the need for an effective lender of last resort for sovereign states and on procedures for sovereign debt restructuring to help cope with global financial crises. Where private creditors use short-term debt to check sovereign debtor's moral hazard, there is the risk of self-fulfilling crises. In this... READ MORE...

Publication date: June 2000
ISBN 9781451852813
$15.00

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