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Ceyla Pazarbasioglu
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Jian-Ping Ms. Zhou
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Michael Moore
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Vanessa Le Leslé
pubblicato da
INTERNATIONAL MONETARY FUND
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.
Scrivi una recensione per "Contingent Capital: Economic Rationale and Design Features"
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