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Last edited by LC Bot
December 7, 2011 | History

International liquidity 1 edition

International liquidity
Maurice Obstfeld

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International liquidity
the fiscal dimension
Maurice Obstfeld

Published 2011 by National Bureau of Economic Research in Cambridge, MA .
Written in English.

About the Book

"This paper argues that if policymakers seek to enhance global liquidity, then the international community must provide a higher and better coordinated level of fiscal support than it has in the past. Loans to troubled sovereigns or financial institutions imply a credit risk that ultimately must be lodged somewhere. Expanded international lending facilities, including an expanded IMF, cannot remain unconditionally solvent absent an expanded level of fiscal backup. The same point obviously applies to the European framework for managing internal sovereign debt problems, including proposals for a jointly guaranteed eurozone sovereign bond. Even attainment of a significant role for the Special Drawing Right depends upon enhanced fiscal resources and burden sharing at the international level"--National Bureau of Economic Research web site.

Edition Notes

Title from PDF file as viewed on 11/29/2011.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.

Series
NBER working paper series -- working paper 17379, Working paper series (National Bureau of Economic Research : Online) -- working paper no. 17379.

Classifications

Library of Congress
HB1

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL25125177M
LC Control Number
2011657320

History Created December 7, 2011 · 1 revision Download catalog record: RDF / JSON

December 7, 2011 Created by LC Bot import new book