International Lender of Last Resort
8 Pages Posted: 30 Mar 2000
Date Written: June 25, 1999
Abstract
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.
JEL Classification: F34
Suggested Citation: Suggested Citation
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