Browsing Robert Schuman Centre for Advanced Studies (RSCAS) by Author "GUIMARAES, Bernardo"
Title:International Lending of Last Resort and Moral Hazard: A Model of IMF’s Catalytic Finance Author(s):CORSETTI, Giancarlo; GUIMARAES, Bernardo; ROUBINI, NourielDate:2006Citation:Journal of Monetary Economics, 2006, 53, 2, 441-471Type 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 ...
Title:International Lending of Last Resort and Moral Hazard: a model of IMF's catalytic finance Author(s):CORSETTI, Giancarlo; GUIMARAES, Bernardo; ROUBINI, NourielDate:2003Citation:NBER, http://www.nber.org, 2003Type of Publication:Working PaperSeries/Report no.:10125