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Contingent Capital: Economic Rationale and Design Features: 11

Ceyla Pazarbasioglu

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The causes of the global financial crisis were multi-faceted but revealed still unresolved weaknesses in national and international financial oversight and resolution frameworks. In particular, many governments in the crisis-hit countries had to provide unprecedented levels of support to contain the crisis and protect financial stability. These interventions have not only contributed to a significant increase in sovereign exposures but, in many countries, they have also risked weakening market discipline and worsening moral hazard.

Pages: 43

Format: Kindle Edition

Publisher: INTERNATIONAL MONETARY FUND

Release: January 25, 2011

Contingent Capital: Economic Rationale and Design Features: 11

Ceyla Pazarbasioglu

0/5 ( ratings)

The causes of the global financial crisis were multi-faceted but revealed still unresolved weaknesses in national and international financial oversight and resolution frameworks. In particular, many governments in the crisis-hit countries had to provide unprecedented levels of support to contain the crisis and protect financial stability. These interventions have not only contributed to a significant increase in sovereign exposures but, in many countries, they have also risked weakening market discipline and worsening moral hazard.

Pages: 43

Format: Kindle Edition

Publisher: INTERNATIONAL MONETARY FUND

Release: January 25, 2011

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