The International Lender of Last Resort: How Large is Large Enough?
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This paper considers how an international lender of last resort (LOLR) can prevent self-fulfilling banking and currency crises in emerging economies. We compare two different arrangements: one in which the international LOLR injects liquidity into international financial markets, and one in which
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美国国家经济研究局创建时间：
2001-07-01
