01733cas a2200241 a 4500 AALejournalIMF001203 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451850192 1018-5941 BD-DhAAL BD-DhAAL He, Dong. Emergency Liquidity Support Facilities / Dong He. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (36 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses operational aspects of official emergency liquidity support to individual institutions under stress. It argues that properly designed lending procedures, clearly laid-out authority and accountability, as well as disclosures rules, will promote financial stability, reduce moral hazard, and protect the lender of last resort from undue political pressure. Although there may well be good reasons to maintain ambiguity over the conditions for assistance, there are important advantages for developing, and for transition economies to follow a rule-based approach by setting out ex ante the necessary conditions for support, while maintaining that meeting such conditions is not sufficient for receiving support. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/079 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/079/001.2000.issue-079-en.xml IMF e-Library