A Simple Model of An International Lender of Last Resort

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 domestic central bank to provide international... READ MORE...

Publication date: April 2000
ISBN 9781451849721
$15.00

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