Global Financial Safety Nets:Where Do We Go from Here?

Eduardo Fernandez-Arias; Eduardo Levy-Yeyati

首页> 外文期刊>International finance >Global Financial Safety Nets:Where Do We Go from Here?

【24h】

Global Financial Safety Nets:Where Do We Go from Here?

机译：全球金融安全网：我们从哪里去？

获取原文

获取原文并翻译 | 示例

掌桥外文数据库（机构版） >>

开具论文收录证明 >>

文献代查 >>

页面导航

摘要
著录项
相似文献
相关主题

摘要

From an emerging markets perspective, the global safety net remains full of holes despite recent stitches during the crisis. This paper proposes an effective and workable international lender-of-last-resort (ILLR) for systemic liquidity crises based on (i) an automatic trigger to access the facility; (ii) unilateral country pre-qualification to the facility during IMF Article IV consultations; and (iii) liquidity funded by the world's 'issuers of last resort'. These principles support a reliable and broad-based ILLR without the carrying costs associated with inefficient reserve hoarding; one that would actually work as an effective preventive facility with minimal room for moral hazard.

机译：从新兴市场的角度来看，尽管危机期间最近发生了种种麻烦，但全球安全网仍然充满漏洞。本文提出了一种针对系统性流动性危机的有效且可行的国际最后贷款人（ILLR），其依据是：（i）自动触发进入该设施的触发器；（ii）在国际货币基金组织第四条磋商期间单方面对国家进行资格预审；（iii）由全球“万不得已的发行人”提供资金的流动性。这些原则支持了可靠的基础广泛的ILLR，而没有与低效的储备ho积相关的账面成本；实际上可以作为一种有效的预防设施，但对道德危害的可能性却很小。

著录项

来源
《International finance》 |2012年第1期|p.37-68|共32页
作者
Eduardo Fernandez-Arias; Eduardo Levy-Yeyati;
展开▼
作者单位

Inter-American Development Bank 1300 New York Ave, NW Washington, DC USA;

Universidad Torcuato di Telia, CIPPEC and Brookings Institution;

展开▼
收录信息
原文格式 PDF
正文语种 eng
中图分类
关键词

相似文献

外文文献
中文文献
专利

1. Safety for Whom? The Scattered Global Financial Safety Net and the Role of Regional Financial Arrangements [J] . Laurissa Mühlich, Barbara Fritz Open economies review . 2018,第5期

机译：对谁的安全？分散的全球金融安全网和区域金融安排的作用
2. Toward the Development of a Global Financial Safety Net or a Segmentation of the Global Financial Architecture? [J] . Volz Ulrich Emerging Markets Finance & Trade . 2016,第10a12期

机译：走向全球金融安全网的发展还是全球金融体系的细分？
3. Regional Financial Arrangements in the Global Financial Safety Net: The Arab Monetary Fund and the Eurasian Fund for Stabilization and Development [J] . Fritz Barbara, Muhlich Laurissa Development and change . 2019,第1期

机译：全球金融安全网中的区域金融安排：阿拉伯货币基金组织和欧亚稳定与发展基金
4. The Problems of Financial Cycle Modeling in the Globalization of Financial Markets [C] . Rustam Akhrnetov, Guzel Rysaeva International Economic Conference of Sibiu . 2015

机译：金融市场全球化中金融周期建模问题
5. A comparative analysis of financial globalization: Financial market opening, social safety net, and democratic consolidation in South Korea, Russia, Thailand, and Brazil. [D] . Kim, Sunghan. 2003

机译：金融全球化的比较分析：韩国，俄罗斯，泰国和巴西的金融市场开放，社会安全网和民主巩固。
6. Socioeconomic inequalities in smoking in The Netherlands before and during the Global Financial Crisis: a repeated cross-sectional study [O] . Fiona E Benson, Mirte AG Kuipers, Vera Nierkens, 2015

机译：全球金融危机之前和期间荷兰的吸烟社会经济不平等：一项反复的横断面研究
7. Safety for whom? The scattered global financial safety net and the role of regional financial arrangements [O] . Mühlich Laurissa, Fritz Barbara 2016

机译：为谁安全？分散的全球金融安全网和区域金融安排的作用
8. Local and Global Thermoregulatory Responses to MRI Electromagnetic Fields:Biological Effects and Safety Aspects of Nuclear Magnetic Resonance Imaging and Spectroscopy [R] . Gordon, C. J. 1991

机译：对mRI电磁场的局部和全球体温调节响应：核磁共振成像和光谱学的生物效应和安全性方面

Global Financial Safety Nets:Where Do We Go from Here?

摘要

著录项

相似文献

相关主题

期刊订阅