Market Discipline /

Under what circumstances can market forces prevent unsustainable borrowing? Effective market discipline requires that capital markets be open, that; information on the borrower's existing liabilities be readily available, that no bailout be anticipated, and that the borrower respond to market s...

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Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Lane, Timothy
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 1992.
Sraith:IMF Working Papers; Working Paper ; No. 1992/042
Rochtain ar líne:Full text available on IMF
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100 1 |a Lane, Timothy. 
245 1 0 |a Market Discipline /  |c Timothy Lane. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1992. 
300 |a 1 online resource (50 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Under what circumstances can market forces prevent unsustainable borrowing? Effective market discipline requires that capital markets be open, that; information on the borrower's existing liabilities be readily available, that no bailout be anticipated, and that the borrower respond to market signals. This paper explores the implications of these conditions, and reviews some relevant empirical evidence. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1992/042 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1992/042/001.1992.issue-042-en.xml  |z IMF e-Library