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Unconditional IMF Financial Support and Investor Moral Hazard

Unconditional IMF Financial Support and Investor Moral Hazard »

Source: Unconditional IMF Financial Support and Investor Moral Hazard

Volume/Issue: 2007/104

Series: IMF Working Papers

Author(s): Jun Kim

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2007

ISBN: 9781451866681

Keywords: Coordination failure, IMF bailout, probability, private investors, equations, Information, Knowledge, and Uncertainty: General, International Monetary Arrangements and Institutions, International Lending and Debt Problems,

This paper develops a simple model of international lending, and calibrates it to assess quantitatively the effects of contingent IMF financial support on the risk premiums and the crisis probability. In the model,...

Inefficient Fire-Sales in Decentralized Asset Markets1

Inefficient Fire-Sales in Decentralized Asset Markets1 »

Source: Inefficient Fire-Sales in Decentralized Asset Markets

Volume/Issue: 2019/92

Series: IMF Working Papers

Author(s): Ehsan Ebrahimy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2019

ISBN: 9781498303804

Keywords: Supply and demand, Asset prices, Financial assets, Balance sheets, Asset markets, fire-sales, coordination failure, decentralized markets, competitive search, fire-sale

Classic models of fire-sales that emphasize liquidity-constrained natural buyers can-not fully account for the asset fire-sales during the Financial Crisis of 2008. I present a model to demonstrate that fire-sales...

Unconditional IMF Financial Support and Investor Moral Hazard

Unconditional IMF Financial Support and Investor Moral Hazard »

Volume/Issue: 2007/104

Series: IMF Working Papers

Author(s): Jun Kim

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2007

DOI: http://dx.doi.org/10.5089/9781451866681.001

ISBN: 9781451866681

Keywords: Coordination failure, IMF bailout, probability, private investors, equations, Information, Knowledge, and Uncertainty: General, International Monetary Arrangements and Institutions, International Lending and Debt Problems,

This paper develops a simple model of international lending, and calibrates it to assess quantitatively the effects of contingent IMF financial support on the risk premiums and the crisis probability. In the model,...

Inefficient Fire-Sales in Decentralized Asset Markets

Inefficient Fire-Sales in Decentralized Asset Markets »

Volume/Issue: 2019/92

Series: IMF Working Papers

Author(s): Ehsan Ebrahimy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2019

DOI: http://dx.doi.org/10.5089/9781498303804.001

ISBN: 9781498303804

Keywords: Supply and demand, Asset prices, Financial assets, Balance sheets, Asset markets, fire-sales, coordination failure, decentralized markets, competitive search, fire-sale

Classic models of fire-sales that emphasize liquidity-constrained natural buyers can-not fully account for the asset fire-sales during the Financial Crisis of 2008. I present a model to demonstrate that fire-sales...