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A Theory of International Crisis Lending and IMF Conditionality /
We present a framework that clarifies the financial role of the IMF, the rationale for conditionality, and the conditions under which IMF-induced moral hazard can arise. In the model, traditional conditionality commits country authorities to undertake crisis resolution efforts, facilitating the retu...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Autor Corporativo: | |
| Otros Autores: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2008.
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| Colección: | IMF Working Papers ;
Working Paper no. 08/236. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Zettelmeyer, Jeromin. | |
| 245 | 1 | 2 | |a A Theory of International Crisis Lending and IMF Conditionality / |c Zettelmeyer, Jeromin. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, |c 2008. | ||
| 300 | |a 1 online resource (33 pages). | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Papers, |x 2227-8885 ; |v Working Paper No. 08/236 | |
| 500 | |a Available in PDF, ePUB, and Mobi formats on the Internet. | ||
| 520 | 3 | |a We present a framework that clarifies the financial role of the IMF, the rationale for conditionality, and the conditions under which IMF-induced moral hazard can arise. In the model, traditional conditionality commits country authorities to undertake crisis resolution efforts, facilitating the return of private capital, and ensuring repayment to the IMF. Nonetheless, moral hazard can arise if there are crisis externalities across countries (contagion) or if country authorities discount crisis costs too much relative to the national social optimum, or both. Moral hazard can be avoided by making IMF lending conditional on crisis prevention efforts-""ex ante"" conditionality. | |
| 504 | |a Includes bibliographical references. | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 610 | 2 | 0 | |a International Monetary Fund |x Finance. |
| 610 | 2 | 7 | |a International Monetary Fund |2 fast |
| 650 | 0 | |a Financial crises |x Prevention |x Econometric models. | |
| 650 | 0 | |a Loans, Foreign |x Econometric models. | |
| 650 | 0 | |a Moral hazard |x Econometric models. | |
| 650 | 6 | |a Prêts étrangers |x Modèles économétriques. | |
| 650 | 6 | |a Risque moral |x Modèles économétriques. | |
| 650 | 7 | |a Finance |2 fast | |
| 650 | 7 | |a Loans, Foreign |x Econometric models |2 fast | |
| 700 | 1 | |a Jeanne, Olivier. | |
| 700 | 1 | |a Ostry, Jonathan David. | |
| 700 | 1 | |a Zettelmeyer, Jeromin. | |
| 710 | 2 | |a International Monetary Fund. | |
| 730 | 0 | |a IMF eLibrary. | |
| 758 | |i has work: |a A theory of international crisis lending and IMF conditionality (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGdtwcFgh4hFhY8tmB476q |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 830 | 0 | |a IMF Working Papers ; |v Working Paper no. 08/236. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1608045 |z Texto completo |
| 938 | |a ProQuest Ebook Central |b EBLB |n EBL1608045 | ||
| 938 | |a YBP Library Services |b YANK |n 11617788 | ||
| 994 | |a 92 |b IZTAP | ||