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01914cas a2200241 a 4500 |
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AALejournalIMF020094 |
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230101c9999 xx r poo 0 0eng d |
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|c 5.00 USD
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|z 9781498336314
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|a 2663-3493
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
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|a Review of Fund Facilities-Analytical Basis for Fund Lending and Reform Options.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2009.
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|a 1 online resource (47 pages)
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|a Policy Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a In the context of the ongoing review of Fund facilities, this paper examines the analytical basis for Fund lending in emerging market countries and provides a broad-ranging perspective for reforming the General Resources Account (GRA) lending toolkit. The Fund's important lending role in crisis prevention and resolution is buttressed by its unique characteristics: (i) its ability as a nonatomistic lender to provide large-scale financing and reduce the likelihood of a run by private creditors; (ii) its ability as a cooperative institution with near-universal membership to agree conditionality with members, thus providing national authorities with a policy commitment tool to underpin confidence and catalyze private lending; and (iii) its de facto preferred creditor status, which allows it to provide crisis financing when private creditors may be reluctant to lend.
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|a Mode of access: Internet
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|a Policy Papers; Policy Paper ;
|v No. 2009/040
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/007/2009/040/007.2009.issue-040-en.xml
|z IMF e-Library
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