International Institutions for Reducing Global Financial Instability
39 Pages Posted: 11 Feb 2000 Last revised: 5 May 2000
Date Written: July 1999
This paper asks how recent developments in research on banking and sovereign lending can help inform the debate on choosing a new international financial architecture. A broad range of plans is considered, including a global lender of last resort facility, an international bankruptcy court, an international debt insurance corporation, and unilateral controls on capital flows.
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