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...

Повний опис

Бібліографічні деталі
Автор: Huang, Haizhou
Інші автори: Goodhart, C..
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2000.
Серія:IMF Working Papers; Working Paper ; No. 2000/075
Предмети:
Онлайн доступ:Full text available on IMF
LEADER 01893cas a2200277 a 4500
001 AALejournalIMF022817
008 230101c9999 xx r poo 0 0eng d
020 |c 20.00 USD 
020 |z 9781451849721 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Huang, Haizhou. 
245 1 2 |a A Simple Model of An International Lender of Last Resort /  |c Haizhou Huang, C. Goodhart. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2000. 
300 |a 1 online resource (13 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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 domestic central bank to provide international liquidity together can cause currency and banking crises. An international interbank market can help an economy with the needed international liquidity, but with potential costs of international financial contagion. An ILOLR can play a useful role in providing international liquidity and reducing international contagion. 
538 |a Mode of access: Internet 
650 7 |a Central Banks and Their Policies  |2 imf 
650 7 |a Monetary Policy, Central Banking, and the Supply of Money and Credit  |2 imf 
700 1 |a Goodhart, C... 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2000/075 
856 4 0 |z Full text available on IMF  |u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2000&issue=075  |z IMF e-Library