Transparency and Ambiguity in Central Bank Safety Net Operations

Transparency and Ambiguity in Central Bank Safety Net Operations
To mitigate the risks of contagion from problems arising in the banking sector, many countries operate some form of banking sector safety net. Such safety nets generally involve a judicious mixture of transparency and ambiguity. This ambiguity may be important to counter moral hazard effects but may lead to excessive forbearance in the face of... READ MORE...

Publication date: October 1997
ISBN 9781451930115
$15.00

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