Construct · 1 fields · 1 citations

international lender of last resort: a standalone construct

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International economics

an international institution that lends to countries in a crisis to stop panics and contagion, as a central bank does for domestic banks.

In international economics, international lender of last resort refers to an international institution that lends to countries in a crisis to stop panics and contagion, as a central bank does for domestic banks. This meaning comes from Fischer (1999) in Journal of Economic Perspectives.[1]

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Nearby constructs

bank1 fields · 1 citationsanchor · a standalone construct contagion5 fields · 6 citationsjingle · one word, five constructs crisis4 fields · 9 citationsjingle · one word, four constructs

References

Fischer, S. (1999). On the Need for an International Lender of Last Resort. Journal of Economic Perspectives, 13(4), 85-104. https://doi.org/10.1257/jep.13.4.85

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