Global Moral Hazard, Capital Account Liberalization and the Overlending Syndrome""

Global Moral Hazard, Capital Account Liberalization and the Overlending Syndrome""
The removal of government guarantees in borrowing countries does not eliminate the moral hazard problem posed by the existence of deposit guarantees in lender countries. The paper shows that, after restrictions on international capital flows are lifted, banks in low-risk developed countries benefit from lending funds captured in home markets at... READ MORE...

Publication date: July 1999
ISBN 9781451852387
$15.00

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