Does IMF Financing Result in Moral Hazard?
The view that the IMF's financial support gives rise to moral hazard has become increasingly prominent in policy discussions, particularly following the 1995 Mexican crisis. This paper seeks to clarify a number of conceptual issues and bring some basic empirical evidence to bear on this hypothesis. While some element of moral hazard is a logical consequence of the IMF's financial support, such moral hazard is difficult to detect in market reactions to various IMF policy announcements and there is no evidence that such moral hazard has recently been on the rise.
39 pages, 6 editions
English edition · First published 2000 by International Monetary Fund · ISBN 9781451858259
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Editions
6 editions
English
- Does IMF Financing Result in Moral Hazard? · International Monetary Fund · 2000 · ISBN 9781451858259 This page
- Does IMF Financing Result in Moral Hazard? · International Monetary Fund · 2000 · ISBN 9781452786520
- Does IMF Financing Result in Moral Hazard? · International Monetary Fund · 2000 · ISBN 9781462358946
- Does IMF Financing Result in Moral Hazard? · International Monetary Fund · 2000 · ISBN 9786613799838
- Does IMF Financing Result in Moral Hazard? · International Monetary Fund · 2000 · ISBN 9781282106482
- Does IMF Financing Result in Moral Hazard? · International Monetary Fund · 2000 · ISBN 9781451903508
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