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Updated: May 12, 2025
In a paper titled "IMF Financing and Moral Hazard", published June 2001, the authors Timothy Lane and Steven Phillips, two senior IMF economists state: "... In order to make the case for abolishing or drastically overhauling the IMF, one must show ... that the moral hazard generated by the availability of IMF financing overshadows any potentially beneficial effects in mitigating crises ... Despite many assertions in policy discussions that moral hazard is a major cause of financial crises, there has been astonishingly little effort to provide empirical support for this belief."
To avoid misapprehension, it should be added that despite the availability, in our boyhood, of flies as playmates, we don't like 'em, especially when they light on our hands to help us write articles for this REVIEW. Setting Bounds to Laughter That there is even a measure of personal liberty on the earth, is one of our most pointed proofs that the universe is governed by design.
"I dispute the availability, and thus the value, of that reason which is cultivated in any especial form other than the abstractly logical. I dispute, in particular, the reason educed by mathematical study. The mathematics are the science of form and quantity; mathematical reasoning is merely logic applied to observation upon form and quantity.
Everyone who knew Roger Sullivan knew the great influence which both his fine wife and devoted son wielded over him. His son, Boetius, a Harvard graduate, had early become a Wilson devotee and supporter, and the correspondence between father, mother, and son, contained a spirited discussion of the availability of the New Jersey man for the Democratic nomination. The interest of Mrs.
A somewhat cheaper dollar, the purported but never proven "wealth effect" of crumbling stock markets, the aggressive reduction in interest rates, and the wide availability of easy home equity financing should conspire to divert demand from imports to domestic offerings. Market discipline may yet prove to be a sufficient and efficient cure.
All that was known of him was that he was a good stump-speaker, nominated for his availability, that is, because he had no history, and chosen by a party with whose more extreme opinions he was not in sympathy.
He was dignified and suave and gracious, also persuasive when he chose to be. He had been boarding with the Holts, but, like the majority of the hotel lodgers and "mealers," was very willing to change. The location of the High Cliff House was, so he informed Thankful, the sole drawback to its availability as a home for him. "If a bachelor may be said to have a home, Mrs.
This faith, more than anything else, steals the pith and availability out of whatever enterprise he may dream of undertaking. Why should he toil and moil, and be at so much trouble to pick himself up out of the mud, when, in a little while hence, the strong arm of his Uncle will raise and support him?
By restricting role availability and by carefully defining the performance, society could create a group personality type, and, through changing roles, society could change personality.
Cost, speed, and availability are just some of the compelling arguments for electronic publishing instead of paper. Another advantage of electronic publishing is all the new possibilities it provides. Look at the range of people who have access. Fortunately, the increased variety of the documents does nothing to impede searches for particular documents.
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