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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 signal...

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Bibliographic Details
Main Author: Lane, Timothy
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1992
Series:IMF Working Papers
Subjects:
Economic & Financial Crises & Disasters
Depository Institutions
Public Debt
Banks
Financial Crises
Public Finance & Taxation
Banks And Banking
Debt Management
Debts, Public
Fiscal Policy
Micro Finance Institutions
Debt
Deposit Insurance
Crisis Management
Financial Institutions And Services: Government Policy And Regulation
Exports And Imports
Mortgages
International Economics
International Lending And Debt Problems
Debts, External
External Debt
Sovereign Debt
Macroeconomics
Banking
Financial Risk Management
Public Finance
Debt Financing
Debt Default
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:50 pages
ISBN:9781451846157

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