Contingent Capital: Economic Rationale and Design Features
Business & Finance, Economics, Money & Monetary Policy, Macroeconomics
| Author: | Ceyla Pazarbasioglu, Jian-Ping Ms. Zhou, Vanessa Le Leslé, Michael Moore | ISBN: | 9781462378807 |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | January 25, 2011 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | Ceyla Pazarbasioglu, Jian-Ping Ms. Zhou, Vanessa Le Leslé, Michael Moore |
| ISBN: | 9781462378807 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | January 25, 2011 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
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.
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.
