International Lending of Last Resort and Moral Hazard: A Model of IMF's Catalytic Finance
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https://www.nber.org/papers/w10125
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资源简介：
It is often argued that the provision of liquidity by the international institutions such as the IMF to countries experiencing balance of payment problems can have catalytic effects on the behavior of international financial markets, i.e., it can reduce the scale of liquidity runs by inducing
提供机构：
美国国家经济研究局
创建时间：
2003-12-01
