Does IMF Financing Result in Moral Hazard? /

The view that the IMF's financial support gives rise to moral hazard has become increasingly prominent in policy discussions, particularly following the 1995 Mexican crisis. This paper seeks to clarify a number of conceptual issues and bring some basic empirical evidence to bear on this hypothe...

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Bibliographic Details
Main Author: Phillips, Steven
Other Authors: Lane, Timothy
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2000.
Series:IMF Working Papers; Working Paper ; No. 2000/168
Online Access:Full text available on IMF