Bank bail-outs risk instability in emerging market economies: IMF paper
Emerging market central banks are at risk of creating further macroeconomic instability if they attempt to bail-out their banks, according to an International Monetary Fund paper published on Wednesday.
Luis Ignacio Jácome, Tahsin Saadi Sedik and Simon Townsend, the paper's authors, use panel data from episodes of financial turmoil in 16 Latin American during 1995–2007 to investigate whether developing and emerging market countries can implement monetary policies similar to those used by
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