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:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Market Discipline  |c Timothy Lane 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1992 
300 |a 50 pages 
651 4 |a United States 
653 |a Economic & financial crises & disasters 
653 |a Depository Institutions 
653 |a Public debt 
653 |a Banks 
653 |a Public finance & taxation 
653 |a Financial crises 
653 |a Banks and banking 
653 |a Debt Management 
653 |a Micro Finance Institutions 
653 |a Fiscal Policy 
653 |a Debts, Public 
653 |a Debt 
653 |a Deposit insurance 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Exports and Imports 
653 |a Crisis management 
653 |a Fiscal policy 
653 |a Mortgages 
653 |a International Lending and Debt Problems 
653 |a International economics 
653 |a External debt 
653 |a Debts, External 
653 |a Sovereign Debt 
653 |a Banks and Banking 
653 |a Macroeconomics 
653 |a Banking 
653 |a Financial Risk Management 
653 |a Public Finance 
653 |a Debt financing 
653 |a Debt default 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
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520 |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