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There is an increasing need for a system of international lending of last resort (ILLR) to provide a safety net in the event of financial crises in vulnerable countries as financial globalization deepens and spreads. Multilateral progress to address liquidity and solvency crises has been patchy...
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international financial institutions, such as the International Monetary Fund and the World Bank. The conference participants …Since 1990, major banking and current crises have occurred in many countries throughout the world - including Mexico … Bank of Chicago and the Bank for International Settlements in Basel, Switzerland, and held in Chicago, in early October …
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