Bank Bailouts : Moral Hazard vs. Value Effect /
This paper shows that a central bank, by announcing and committing ex-ante to a bailout policy that is contingent on the realization of certain states of nature (for example on the occurrence of an adverse macroeconomic shock), creates a risk-reducing 'value effect' that more than outweigh...
मुख्य लेखक: | Levy Yeyati, Eduardo |
---|---|
अन्य लेखक: | Cordella, Tito |
स्वरूप: | पत्रिका |
भाषा: | English |
प्रकाशित: |
Washington, D.C. :
International Monetary Fund,
1999.
|
श्रृंखला: | IMF Working Papers; Working Paper ;
No. 1999/106 |
ऑनलाइन पहुंच: | Full text available on IMF |
समान संसाधन
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Timing of International Bailouts /
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Public Debt Management and Bailouts /
द्वारा: Becker, Torbjorn
प्रकाशित: (1999)