Timing of International Bailouts

Timing of International Bailouts
This paper proposes that international rescue financing should not be provided to a country where a crisis first occurs, but rather to any country that suffers a subsequent crisis. Such a timing-based lending facility can be Pareto-superior to both laissez-faire and existing international crisis lending facilities, when domestic governments have READ MORE...

Publication date: January 2004
ISBN 9781451842623
$15.00

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