Brandes, Julia (contributor); Schüle, Tobias (contributor) - 2007
. Extending Morris and Shin (2006), we consider that the IMF's intervention policy usually exerts a signaling effect on private …'s signaling ability, our results state that repeated intervention is required to bail out a country, where by additional … intervention suffices to avoid liquidity crises. -- catalytic finance; debtor moral hazard; global games …