Read Requirements for Using Interest Rates as an Operating Target for Monetary Policy: The Case of Tunisia

Requirements for Using Interest Rates as an Operating Target for Monetary Policy: The Case of Tunisia

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Description:The financial crisis that began in 2007 has brought to the fore the issues of excesses in lending, leverage, and risk-taking as some of the fundamental causes of this crisis. At the same time, in dealing with the financial crisis there have been large scale interventions by governments, often referred to as bailouts of the lenders. This paper presents a framework where rational economic agents engage in ex ante excessive lending, borrowing, and risk-taking if creditors assign a positive probability to being bailed out. The paper also offers some thoughts on policy implications. It argues that it would be most productive for the long run if lending institutions were not bailed out. If the continuing existence of an institution was deemed essential, assistance should take the form of capital injections that dilute the equity of existing owners.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Requirements for Using Interest Rates as an Operating Target for Monetary Policy: The Case of Tunisia. To get started finding Requirements for Using Interest Rates as an Operating Target for Monetary Policy: The Case of Tunisia, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 45

Format: PDF, EPUB & Kindle Edition

Publisher: International Monetary Fund

Release: 2014

ISBN: 128284363X

Description: The financial crisis that began in 2007 has brought to the fore the issues of excesses in lending, leverage, and risk-taking as some of the fundamental causes of this crisis. At the same time, in dealing with the financial crisis there have been large scale interventions by governments, often referred to as bailouts of the lenders. This paper presents a framework where rational economic agents engage in ex ante excessive lending, borrowing, and risk-taking if creditors assign a positive probability to being bailed out. The paper also offers some thoughts on policy implications. It argues that it would be most productive for the long run if lending institutions were not bailed out. If the continuing existence of an institution was deemed essential, assistance should take the form of capital injections that dilute the equity of existing owners.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Requirements for Using Interest Rates as an Operating Target for Monetary Policy: The Case of Tunisia. To get started finding Requirements for Using Interest Rates as an Operating Target for Monetary Policy: The Case of Tunisia, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Requirements for Using Interest Rates as an Operating Target for Monetary Policy: The Case of Tunisia

Requirements for Using Interest Rates as an Operating Target for Monetary Policy: The Case of Tunisia

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