Regional and Global Liquidity Arrangements

Bonn: DIE 2010

72 Pages Posted: 27 Aug 2012

See all articles by Ulrich Volz

Ulrich Volz

University of London - School of Oriental and African Studies (SOAS) - Economics; Deutsches Institut für Entwicklungspolitik (DIE) - German Development Institute (DIE)

Aldo Caliari

affiliation not provided to SSRN

Date Written: October 1, 2010

Abstract

Regional and bilateral liquidity arrangements have gained increasing prominence over the past decades, not least during the recent global financial crisis. This has important consequences for the role of the International Monetary Fund (IMF) as a crisis lender and raises questions regarding the relationship between these arrangements and Fund lending. The contributions in this publication address a wide range of topics dealing with regional and global liquidity arrangements, including reform proposals for IMF lending facilities; experiences with, and reform proposals for RFAs; the relationship between the IMF and RFAs, including overlaps or complementarities that exist or may emerge among them; comparative advantages and/or disadvantages in the relationship between regional arrangements and the Fund; and guidelines for ensuring an efficient division of labour between regional arrangements and the Fund.

Keywords: IMF, Regional financing arrangements, global safety net

JEL Classification: F3, F4, G1

Suggested Citation

Volz, Ulrich and Caliari, Aldo, Regional and Global Liquidity Arrangements (October 1, 2010). Bonn: DIE 2010. Available at SSRN: https://ssrn.com/abstract=2136516

Ulrich Volz (Contact Author)

University of London - School of Oriental and African Studies (SOAS) - Economics

London, WC1E 7HU
United Kingdom

Deutsches Institut für Entwicklungspolitik (DIE) - German Development Institute (DIE) ( email )

Tulpenfeld 4
Bonn, 53113
Germany

Aldo Caliari

affiliation not provided to SSRN ( email )

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