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https://hdl.handle.net/10419/1026
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Siebert, Horst | en |
dc.date.accessioned | 2009-01-28T14:16:38Z | - |
dc.date.available | 2009-01-28T14:16:38Z | - |
dc.date.issued | 1998 | - |
dc.identifier.citation | |nInstitut für Weltwirtschaft (IfW) |lKiel |y1998 | en |
dc.identifier.uri | http://hdl.handle.net/10419/1026 | - |
dc.description.abstract | The paper analyzes how the next financial crisis can be prevented and which role the IMF should play. The paper distinguishes between the improvement of existing instruments and solving the moral hazard problem. Both issues are interrelated. The size of operation of the IMF creates a moral hazard problem. The IMF should credibly announce the ex-post rules for bridging a liquidity gap in order to set the right ex-ante incentives for the behavior of debtors and creditors. An institutional design for dealing with private and sovereign debt analogous to national bankruptcy rules has to be developed. | en |
dc.language.iso | eng | en |
dc.publisher | |aKiel Institute of World Economics (IfW) |cKiel | en |
dc.relation.ispartofseries | |aKiel Working Paper |x870 | en |
dc.subject.jel | F00 | en |
dc.subject.jel | F02 | en |
dc.subject.jel | F33 | en |
dc.subject.jel | F34 | en |
dc.subject.ddc | 330 | en |
dc.subject.stw | Internationales Währungssystem | en |
dc.subject.stw | Internationaler Kredit | en |
dc.subject.stw | Moral Hazard | en |
dc.subject.stw | Währungskrise | en |
dc.subject.stw | Anpassungsprogramm des IWF | en |
dc.subject.stw | Glaubwürdigkeit | en |
dc.subject.stw | Welt | en |
dc.title | The future of the IMF: how to prevent the next global financial crisis | - |
dc.type | Working Paper | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:ifwkwp:870 | en |
dc.identifier.printppn | 247314935 | en |
dc.date.issuedonline | 2009 | en |
dc.publisher.online | |aZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft |cKiel, Hamburg | en |
econstor.documentversion | Digitized Version | en |
econstor.citation.publisher | Institut für Weltwirtschaft (IfW) | en |
econstor.citation.publisherplace | Kiel | en |
econstor.citation.year | 1998 | en |
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