01398cas a2200241 a 4500 AALejournalIMF001748 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451846157 1018-5941 BD-DhAAL BD-DhAAL Lane, Timothy. Market Discipline / Timothy Lane. Washington, D.C. : International Monetary Fund, 1992. 1 online resource (50 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1992/042 Full text available on IMF http://elibrary.imf.org/view/journals/001/1992/042/001.1992.issue-042-en.xml IMF e-Library