Bedfellows, Hostages, or Perfect Strangers? Global Capital Markets and the Catalytic Effect of IMF Crisis Lending »
Series: IMF Working Papers
Author(s): Curzio Giannini , and Carlo Cottarelli
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2002
Keywords: Capital Account Crises Contents, capital inflows, private capital inflows, private capital, current account, capital outflow, International Monetary Arrangements and Institutions, International Lending and Debt Problems, Economic History: Financial Markets and Institutions: General, International
During the 1990s, the concept of "catalytic official finance" (COF) gained prominence in policy debates. The concept revolves around the idea that the propensity of investors to lend to a country increases when the...