My discussion of these issues begins with a brief survey of how the disasters unfolded in Thailand, Indonesia, and Korea and how the IMF and other international financial institutions responded. Then I evaluate (in part III) a central element of the IMF "conditionality" that attached to the...

Credit score cutoff rules result in very similar potential borrowers being treated differently by mortgage lenders. Recent research has used variation induced by these rules to investigate the connection between securitization and lender moral hazard in the recent financial crisis. However, the...