Timing of international bailouts /

This paper proposes that international rescue financing should not be provided to a country where a crisis first occurs, but rather to any country that suffers a subsequent crisis. Such a timing-based lending facility can be Pareto-superior to both laissez-faire and existing international crisis len...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Kim, Se-jik, 1960-
Autor Corporativo: International Monetary Fund. Research Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, Research Dept., 2004.
Colección:IMF working paper ; WP/04/9.
Temas:
International Monetary Fund.
Fonds monétaire international.
International Monetary Fund
Economic assistance.
Financial crises.
Moral hazard.
Economic assistance > Econometric models.
Financial crises > Econometric models.
Aide économique > Modèles économétriques.
Crises financières > Modèles économétriques.
Risque moral.
Aide économique.
assistance.
Financial crises > Econometric models
Economic assistance > Econometric models
Economic assistance
Financial crises
Moral hazard
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Contents
  • I. INTRODUCTION
  • II. PROPOSAL FOR A NEW CRISIS-PREVENTION FACILITY
  • III. THE BASIC MODEL
  • IV. LAISSEZ-FAIRE
  • V. EXISTING CRISIS-LENDING FACILITIES
  • VI. TIMING-BASED CRISIS-LENDING FACILITY
  • VII. EXTENSIONS AND DISCUSSIONS
  • VIII. CONCLUSION
  • APPENDIX I
  • APPENDIX II
  • REFERENCES

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