A Simple Model Of An International Lender Of Last Resort
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Originally published | April 2000 |
Authors | Charles Goodhart |
Haizhou Huang | |
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Date of Upd. | |
ID | 1428157 |
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. . . .