Front Matter

Front Matter

Steven Phillips, and Timothy Lane
Published Date:
May 2002
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© 2002 International Monetary Fund

Series Editor

Jeremy Clift

IMF External Relations Department

Cover design and composition

Massoud Etemadi, Jack Federici, and the IMF Graphics Section

ISBN 9781589060883

ISSN 1020-5098

Published March 2002

To order IMF publications, please contact:

International Monetary Fund, Publication Services

700 19th Street, N.W., Washington, D.C. 20431, U.S.A.

Tel: (202) 623-7430 Telefax: (202) 623-7201




The Economic Issues series aims to make available to a broad readership of nonspecialists some of the economic research being produced on topical issues by IMF staff. The series draws mainly from IMF Working Papers, which are technical papers produced by IMF staff members and visiting scholars, as well as from policy-related research papers.

This Economic Issue is based on IMF Working Paper WP/00/168, Does IMF Financing Result in Moral Hazard?, October 2000. Citations for the studies reviewed are provided in the original paper which readers can purchase ($10.00) from the IMF Publication Services, or download from Jacqueline Irving prepared the text for this pamphlet.

“Moral hazard remains a concern. Private institutions may be encouraged to lend and invest recklessly—or at least more than they should—by the belief that the Fund will ensure that their creditors can repay them.”

Anne Krueger, First Deputy Managing Director,

International Monetary Fund,

in an address to the National Economists’ Club,

American Enterprise Institute, Washington, D.C.

November 2001

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