Bedfellows, Hostages, or Perfect Strangers? : Global Capital Markets and the Catalytic Effect of IMF Crisis Lending /

During the 1990s, the concept of "catalytic official finance" (COF) gained prominence in policy debates. The concept revolves around the idea that the propensity of investors to lend to a country increases when the IMF provides its "seal of approval"-backed up by only limited off...

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Библиографические подробности
Главный автор: Giannini, Curzio
Другие авторы: Cottarelli, Carlo
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2002.
Серии:IMF Working Papers; Working Paper ; No. 2002/193
Online-ссылка:Full text available on IMF
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245 1 0 |a Bedfellows, Hostages, or Perfect Strangers? :   |b Global Capital Markets and the Catalytic Effect of IMF Crisis Lending /  |c Curzio Giannini, Carlo Cottarelli. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2002. 
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490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a During the 1990s, the concept of "catalytic official finance" (COF) gained prominence in policy debates. The concept revolves around the idea that the propensity of investors to lend to a country increases when the IMF provides its "seal of approval"-backed up by only limited official financing-on the country's economic program. COF aims at avoiding, on the one hand, the massive use of public money to bail out private investors; on the other, the recourse to coercive bailing-in mechanisms. The paper concludes that COF, while possibly useful in other contexts, is less reliable when used to manage capital account crises. 
538 |a Mode of access: Internet 
700 1 |a Cottarelli, Carlo. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2002/193 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2002/193/001.2002.issue-193-en.xml  |z IMF e-Library