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Incentive Conflict In Central-Bank Responses to Sectoral Turmoil in Financial Hub Countries
Kane, Edward J. - 2007
National safety nets are imbedded in country-specific regulatory cultures that encompass contradictory goals of nationalistic welfare maximization, merciful treatment of distressed institutions, and bureaucratic blame avoidance. Focusing on this goal conflict, this paper develops two hypotheses....
Persistent link: https://www.econbiz.de/10012465053
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Deadly Debt Crises : COVID-19 in Emerging Markets
Arellano, Cristina - 2020
The COVID-19 epidemic in emerging markets risks a combined health, economic, and debt crisis. We integrate a standard … the epidemic. Lockdown policies are useful for alleviating the health crisis but they carry large economic costs and can …
Persistent link: https://www.econbiz.de/10012481857