Intro -- Contents -- I. INTRODUCTION -- II. PROPOSAL FOR A NEW CRISIS-PREVENTION FACILITY -- III. THE BASIC MODEL -- IV. LAISSEZ-FAIRE -- V. EXISTING CRISIS-LENDING FACILITIES -- VI. TIMING-BASED CRISIS-LENDING FACILITY -- VII. EXTENSIONS AND DISCUSSIONS -- VIII. CONCLUSION -- APPENDIX I --...

Intro -- Contents -- I. INTRODUCTION -- II. THE BASIC MODEL -- III. SIMULTANEOUS VERSUS SEQUENTIAL LIQUIDITY SHORTAGES -- IV. EARLY VERSUS LATE BAILOUTS -- V. POLITICAL ECONOMY -- VI. EXTENSIONS -- VII. CONCLUSIONS -- References.