JavaScript is disabled for your browser. Some features of this site may not work without it.
Browsing by Author "GUIMARAES, Bernardo"
Now showing items 1-2 of 2
Title:International Lending of Last Resort and Moral Hazard: A Model of IMF’s Catalytic Finance
Author(s):CORSETTI, Giancarlo; GUIMARAES, Bernardo; ROUBINI, NourielDate:2006Type of Publication:ArticleAbstract:This paper analyzes the trade-off between official liquidity provision and debtor moral hazard in international financial crises. In the model, crises are caused by the interaction of bad fundamentals, self-fulfilling runs ...