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The current reform of the International Monetary Fund's (IMF) lending instruments has transformed the Fund towards an international lender of last resort (ILOLR). Current research discusses various general frameworks for installing an ILOLR. However, it remains unclear how the ILOLR should...
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This comment discusses the issues regarding the scale of conditional finance offered by the International Monetary Fund in recent rescue packages, and the related issues regarding a true lender of last resort. It reviews critiques of the Fund?s performance in recent emerging-market crises,...
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Institut für Halle Institute for Economic Research Wirtschaftsforschung Halle IWH-Diskussionspapiere IWH-Discussion Papers Signaling currency crises in South Africa Tobias Knedlik October 2006 Nr. 19 Signaling currency crises in South Africa Tobias Knedlik October 2006...
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