The IMF in a World of Private Capital Markets

The IMF in a World of Private Capital Markets
The IMF attempts to catalyze and stabilize private capital flows to emerging markets by providing public monitoring and emergency finance. In analyzing its role we contrast cases where banks and bondholders do the lending. Banks have a natural advantage in monitoring and creditor coordination, while bonds have superior risk sharing... READ MORE...

Publication date: April 2005
ISBN 9781451861037
$15.00

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