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Moral Hazard of Ukraine’s External Debt Increase under Economy Dollarization
Journal: The Journal of International Economic Policy (Vol.1, No. 16)Publication Date: 2012-06-01
Authors : Zoryana Lutsyshyn; Taras Tsvigun;
Page : 83-106
Keywords : Moral hazard; international debt; dollarization; volatility; debt rating; devaluation expectations; neoinstitutionalism; currency substitution.;
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Abstract
The article provides overview of Ukraine's international debt currency structure, urgency thereof as well as mutual interaction with internal dollarization processes in the country. Determinative analysis of ?moral hazard? definition has been conducted.
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