Results 261 to 270 of about 2,647 (311)

International Lender of Last Resort

SSRN Electronic Journal, 2000
This comment discusses the issues regarding the scale of conditional finance offered by the International Monetary Fund in recent rescue packages, and the related issues regarding a true lender of last resort. It reviews critiques of the Fund?s performance in recent emerging-market crises, noting that they come from opposite directions.
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The Lender of Last Resort Reconsidered

Journal of Financial Services Research, 2000
The Central Bank's lender of last resort role was developed by a series of authors in the very late eighteenth and through the nineteenth centuries. It was tested in practice in a number of countries and was found to be effective in providing monetary stability in the face of adverse shocks. There have recently been attempts to broaden the role—to make
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On the Lender of Last Resort

2002
Abstract In this chapter I must try to walk a narrow line. My task is to discuss the role of the lender of last resort from the point of view of a theorist interested in economic pol icy. That seems to be the natural role for the theorist of last resort.
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Liquidity, Risk-Taking and the Lender of Last Resort [PDF]

International Journal of Central Banking, 2005
This paper studies the strategic interaction between a bank whose deposits are randomly withdrawn, and a lender of last resort (LLR) that bases its decision on supervisory information on the quality of the bank’s assets. The bank is subject to a capital requirement and chooses the liquidity buffer that it wants to hold and the risk of its loan ...
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Searching for the lender of last resort

International Economics and Economic Policy, 2015
The benighted Eurozone. Hardly any region of the world has had a worse press in the last five years than the community of 19 European countries that share a common currency, the euro. Judging by the tone of the global debate, the Eurozone must be a uniquely dysfunctional place, run by policymakers “who just don’t get it”.
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The International Lender of Last Resort

2005
The primary argument for an international lender of last resort is to reduce the likelihood that a country would transmit a deflationary shock to its trading partners, because the price of its currency would decline in response to a temporary surge in import payments or a shortfall in export earnings.
Robert Z. Aliber, Charles P. Kindleberger   +1 more
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Money and the Lender of Last Resort

Challenge, 1985
In 1957, when my Central Banking and Money Market Changes appeared, there may have been some novelty in pointing out that the monetary and financial instruments, usages, and behavior of the significant banking institutions and financial markets changeor evolvein response to perceived profit opportunities. In 1985, it is commonplace.
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Pawnshops :Lenders Of Last Resort

1999
Abstract Anthony Bock takes an enormous bite of his cornedbeef-on-rye, pulls himself out of his chair, and begins speaking, unconcerned with the crumbs falling from his mouth and the piece of lettuce hanging from his chin. “You’re a journalist. Ask the questions. You ever interview a lawyer before?’ “You’re a lawyer?” Bock stares back
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Earmarks of a Lender of Last Resort

2002
Abstract Some observers of the fmancial distress of countries in Asia and Latin America in recent years have suggested that what the world needs is an international lender of last resort. The institution that could serve this purpose, it is claimed, is the International Monetary Fund (IMF), either as presently constituted, or perhaps ...
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Lender of last resort

2023
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