A Simple Model of an International Lender of Last Resort photograph

A Simple Model Of An International Lender Of Last Resort

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Originally published April 2000
Authors Charles Goodhart
Haizhou Huang
Date of Reg.
Date of Upd.
ID1428157
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About 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. . . .

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