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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| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
1992.
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| Serier: | IMF Working Papers; Working Paper ;
No. 1992/042 |
| Online adgang: | Full text available on IMF |