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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...
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force in world capital markets, although the importance of EU monetary policy decisions has been increasing and a Euro bloc …
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the world. Global financial safety nets (GFSNs) are one important area for monetary cooperation. This paper reviews the …
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