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Detail
ArtikelA Global Lender of Last Resort?  
Oleh: Barth, James R. ; Keleher, Robert E.
Jenis: Article from Bulletin/Magazine
Dalam koleksi: Economic Impact no. 1 (1985), page 71-76.
Topik: Global Lender; Last Resort; Banking System; International Monetary Fund
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE6.7
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelTwo economists explain how the Federal Reserve System acts as a lender of last resort in the United States to prevent panics in the banking system, and they discuss the possibilities for the International Monetary Fund to play a similar role on a global basis. They conclude that despite current debt problems, there is no global threat of insolvency and thus no present need for an international lender of last resort. James R. Barth is a professor of economics at the George Washington University and a visiting scholar at the Federal Home Loan Bank Board. Robert Keleher is a research officer in national economics with the Federal Reserve Bank of Atlanta, which originally published this article under the title "'Financial Crises' and the Role of the Lender of Last Resort." The article has been updated by the authors. Views expressed are not necessarily those of the bank or the Federal Reserve System.
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