A Simple Model of An International Lender of Last Resort /

This paper develops a simple model of an international lender of last resort (ILOLR). The world economy consists of many open economies, each with a banking system and a central bank operating under a pegged exchange rate regime. The fragility of the banking system and the limited ability of a domes...

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Bibliographic Details
Main Author: Huang, Haizhou
Other Authors: Goodhart, C..
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2000.
Series:IMF Working Papers; Working Paper ; No. 2000/075
Subjects:
Online Access:Full text available on IMF