Open AccessPutting the Brakes on Sudden Stops: The Financial Frictions-Moral Hazard Tradeoff of Asset Price Guarantees
Author(s) -
Enrique G. Mendoza,
Ceyhun Bora Durdu
Publication year - 2004
Language(s) - English
Resource type - Reports
DOI - 10.3386/w10790
Subject(s) - sudden stop , moral hazard , economics , asset (computer security) , emerging markets , deflation , monetary economics , collateral , ex ante , incentive , financial economics , finance , microeconomics , monetary policy , macroeconomics , capital flows , profit (economics) , computer security , computer science