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Author Lane, Timothy D. (Timothy David), 1955- author

Title Moral hazard : does IMF financing encourage imprudence by borrowers and lenders? / Timothy Lane, Steven Phillips
Published [Washington, D.C.] : International Monetary Fund, 2002
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Description 1 online resource (v, 15 pages) : illustrations
Series Economic issues, 1020-5098 ; 28
Economic issues (International Monetary Fund) ; 28
Summary "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 and debtors to take risks of such crises - is, in principle, an unavoidable consequence. But the key question, rather than a matter of presence or absence, is the degree of moral hazard. The most basic evidence, even in the case of countries that are supposed to be too big to fail, refutes the most extreme hypothesis - that investors believe they have a full guarantee from the IMF in the event of a financial crisis."--Preface
Notes "This Economic Issue is based on IMF Working Paper WP/00/168, 'Does IMF financing result in moral hazard?', October 2000"--Page iii
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
Available also in Arabic, Chinese, French, Russian, Spanish
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject International Monetary Fund -- Evaluation.
Country risk -- Developing countries.
Debts, External -- Developing countries.
Economic assistance -- Developing countries.
Loans, Foreign -- Developing countries.
Moral hazard -- Developing countries.
Form Electronic book
Author Phillips, Steven, 1961- author
International Monetary Fund, issuing body
International Monetary Fund. External Relations Department.
ISBN 1451935218 (electronic bk.)
9781451935219 (electronic bk.)
Other Titles Does IMF financing encourage imprudence by borrowers and lenders?