Add to ORKGThis paper contributes to the debate on the efficacy of IMF’s catalytic finance in preventing financial crises. Extending Morris and Shin (2006), we consider that the IMF’s intervention policy usually exerts a signaling effect on private creditors and that several interventions in sequence may be necessary to avert an impending crisis. Absent of the IMF’s signaling ability, our results state that repeated intervention is required to bail out a country, whereby additional assistance may induce moral hazard on the debtor side. Contrarily, if the IMF exerts a strong signaling effect, one single intervention suffices to avoid liquidity crises
Although IMF support is supposed to benefit a country, it might be bad news that the IMF believes in...
The responses by the IMF and the U.S. government to the Mexican crisis of 1994-1995 and the recent A...
In the wake of the global crisis the International Monetary Fund (IMF) has increased its exposure to...
This paper contributes to the debate on the efficacy of IMF's catalytic finance in preventing financ...
2006 This Working Paper should not be reported as representing the views of the IMF. The views expre...
The provision of liquidity by international institutions such as the IMF to countries experiencing b...
It is often argued that the provision of liquidity by the international institutions such as the IMF...
n a simple model of currency crises caused by creditor coordination failure, we show that bailouts t...
This paper analyzes the trade-off between official liquidity provision and debtor moral hazard in in...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
It is often argued that the provision of liquidity by the international institutions such as the IMF...
This paper develops a simple model of international lending, and calibrates it to assess quantitativ...
This paper analyzes the trade-off between official liquidity provision and debtor moral hazard in int...
Along the studies suggesting IMF to promote private capital flows, this paper sheds light on the lin...
Financial crises seem to constitute an indispensable part of the economic history of the last three ...
Although IMF support is supposed to benefit a country, it might be bad news that the IMF believes in...
The responses by the IMF and the U.S. government to the Mexican crisis of 1994-1995 and the recent A...
In the wake of the global crisis the International Monetary Fund (IMF) has increased its exposure to...
This paper contributes to the debate on the efficacy of IMF's catalytic finance in preventing financ...
2006 This Working Paper should not be reported as representing the views of the IMF. The views expre...
The provision of liquidity by international institutions such as the IMF to countries experiencing b...
It is often argued that the provision of liquidity by the international institutions such as the IMF...
n a simple model of currency crises caused by creditor coordination failure, we show that bailouts t...
This paper analyzes the trade-off between official liquidity provision and debtor moral hazard in in...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
It is often argued that the provision of liquidity by the international institutions such as the IMF...
This paper develops a simple model of international lending, and calibrates it to assess quantitativ...
This paper analyzes the trade-off between official liquidity provision and debtor moral hazard in int...
Along the studies suggesting IMF to promote private capital flows, this paper sheds light on the lin...
Financial crises seem to constitute an indispensable part of the economic history of the last three ...
Although IMF support is supposed to benefit a country, it might be bad news that the IMF believes in...
The responses by the IMF and the U.S. government to the Mexican crisis of 1994-1995 and the recent A...
In the wake of the global crisis the International Monetary Fund (IMF) has increased its exposure to...