01893cas a2200277 a 4500 AALejournalIMF022817 230101c9999 xx r poo 0 0eng d 20.00 USD 9781451849721 1018-5941 BD-DhAAL BD-DhAAL Huang, Haizhou. A Simple Model of An International Lender of Last Resort / Haizhou Huang, C. Goodhart. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (13 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 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 liquidity together can cause currency and banking crises. An international interbank market can help an economy with the needed international liquidity, but with potential costs of international financial contagion. An ILOLR can play a useful role in providing international liquidity and reducing international contagion. Mode of access: Internet Central Banks and Their Policies imf Monetary Policy, Central Banking, and the Supply of Money and Credit imf Goodhart, C... IMF Working Papers; Working Paper ; No. 2000/075 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2000&issue=075 IMF e-Library