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dozen years before. As economies around the world locked down in the face of the potentially deadly but completely novel …
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even evolve into a global last-resort lender that channels central bank liquidity where it is needed. The IMF …
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global LLR that channels central bank liquidity where it is needed. The IMFfs effectiveness would be greatly enhanced by …
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even evolve into a global last- resort lender that channels central bank liquidity where it is needed. The IMF …
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One important lesson of the crisis is the need to take a systemic view of measures aimed at financial stability. Measures that enhance the stability of a single institution could be inimical to the stability of the financial system as a whole
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central bank's desire to backstop the broad money supply to avert the possibility of an internal/external double drain (a bank …
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