Transparency and Ambiguity in Central Bank Safety Net Operations /

To mitigate the risks of contagion from problems arising in the banking sector, many countries operate some form of banking sector safety net. Such safety nets generally involve a judicious mixture of transparency and ambiguity. This ambiguity may be important to counter moral hazard effects but may...

Descripción completa

Detalles Bibliográficos
Autor principal: Enoch, Charles
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 1997.
Colección:IMF Working Papers; Working Paper ; No. 1997/138
Acceso en línea:Full text available on IMF