A Simple Model of An International Lender of Last Resort /
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 domes...
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2000.
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| coleção: | IMF Working Papers; Working Paper ;
No. 2000/075 |
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| Acesso em linha: | Full text available on IMF |