Unconditional IMF Financial Support and Investor Moral Hazard

Unconditional IMF Financial Support and Investor Moral Hazard
This paper develops a simple model of international lending, and calibrates it to assess quantitatively the effects of contingent IMF financial support on the risk premiums and the crisis probability. In the model, the country borrows in both short and long term; market (coordination) failure triggers a liquidity run and inefficient default; and... READ MORE...

Publication date: May 2007
ISBN 9781451866681
$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: May 2007

PDF

Publication date: May 2007

ePub

Publication date: May 2007

Mobi

Publication date: May 2007

English