Moral hazard does IMF financing encourage imprudence by borrowers and lenders? /

"The argument that IMF financing creates moral hazard cannot be lightly dismissed. From the outset, this pamphlet recognizes that, to the extent IMF-supported programs try to contain the total economic costs of financial crises, some element of moral hazard - a greater willingness of creditors...

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Main Author: Lane, Timothy D. 1955-
Corporate Author: International Monetary Fund. External Relations Department.
Other Authors: Phillips, Steven, 1961-
Format: Book Electronic
Language:English
Published:Washington, D.C. : International Monetary Fund, 2002.
Series:Economic issues (International Monetary Fund) ; 28.
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Call Number: 338.91
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