Financial Policies and the Prevention of Financial Crises in Emerging Market Economies
The author defines a financial crisis as a disruption in financial markets in which adverse selection and moral hazard problems become much worse, so that financial markets are unable to efficiently channel funds to those who have the most producti...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2001/10/1614834/financial-policies-prevention-financial-crises-emerging-market-economies http://hdl.handle.net/10986/19532 |