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Moral hazard view - PowerPoint PPT Presentation

NEW FINANCIAL ARCHITECTURE AND MACRO POLICY UNDER GLOBALIZATION HAZARD

NEW FINANCIAL ARCHITECTURE AND MACRO POLICY UNDER GLOBALIZATION HAZARD. Guillermo A. Calvo February 2002. MORAL OR GLOBALIZATION HAZARDS?. The Moral Hazard View. Large bailouts starting with the Tequila $50 billion package, induced greater risk taking by governments and investors,

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Moral hazard view - PowerPoint PPT Presentation

NEW FINANCIAL ARCHITECTURE AND MACRO POLICY UNDER GLOBALIZATION HAZARD