The International Lender of Last Resort : How Large is Large Enought? /

This paper considers how an international lender of last resort (LOLR) can prevent self-fulfilling banking and currency crises in emerging economies. We compare two different arrangements: one in which the international LOLR injects liquidity into international financial markets, and one in which it...

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Bibliografiska uppgifter
Huvudupphovsman: Jeanne, Olivier
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2001.
Serie:IMF Working Papers; Working Paper ; No. 2001/076
Länkar:Full text available on IMF