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SAFETY-NET MECHANISMS：THE CASE OF INTERNATIONAL LENDING
SAFETY-NET MECHANISMS INTERNATIONAL LENDING
2008/12/8
We have just emerged from the longest, and, by some measures,
the most severe postwar recession. It is not surprising, therefore, that
financial-sector problems have emerged. In economic downturns,
...
The outstanding level of external debt of non-oil developing
countries raises problems of collective action on the part of lenders.
To begin with, there is the issue ofthe appropriate action to ensu...
RESTOffiNG CREDIBILITY TO INTERNATIONAL LENDING
MF international financial crisis INTERNATIONAL LENDING
2008/12/8
Part ofthe problem of restoring credibility to international lending
boils down to resolving, and making it explicit and final, who has
incurred the losses that already have occurred. Somebody has l...