IMF paper on growing threat of moral hazard
An IMF paper published in March says governments and central banks must address the threat posed by large systemically important financial institutions to reduce moral hazard.
Stijn Claessens, Ceyla Pazarbasioglu, Luc Laeven, Marc Dobler, Fabian Valencia, Oana Nedelescu and Katharine Seal, the paper's authors, compare the policy choices of governments and central banks in recent and past crises and assess the current state of financial and operational restructuring and institutional reforms.
The
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