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...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Phillips, Steven
Awduron Eraill: Lane, Timothy
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2000.
Cyfres:IMF Working Papers; Working Paper ; No. 2000/168
Mynediad Ar-lein:Full text available on IMF
LEADER 01635cas a2200253 a 4500
001 AALejournalIMF001351
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451858259 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Phillips, Steven. 
245 1 0 |a Does IMF Financing Result in Moral Hazard? /  |c Steven Phillips, Timothy Lane. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2000. 
300 |a 1 online resource (39 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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 hypothesis. While some element of moral hazard is a logical consequence of the IMF's financial support, such moral hazard is difficult to detect in market reactions to various IMF policy announcements and there is no evidence that such moral hazard has recently been on the rise. 
538 |a Mode of access: Internet 
700 1 |a Lane, Timothy. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2000/168 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2000/168/001.2000.issue-168-en.xml  |z IMF e-Library