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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| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
[Washington, D.C.?] :
International Monetary Fund,
[1992]
Washington, D.C. : 1992 |
| Series: | IMF Working Papers ;
Working Paper No. 92/42 IMF eLibrary IMF working paper ; WP/92/42 |
| Subjects: | |
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