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

How Large is Large Enought?

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 its resources are used to back domestic banking... READ MORE...

Publication date: May 2001
ISBN 9781451849875
$15.00

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