| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP1443
|
| DP1443 Vertical Product Differentiation, Quality Standards, and International Trade Policy |
| Stefan Lutz
|
| 发表日期 | 1996-07-31
|
| 出版年 | 1996
|
| 语种 | 英语
|
| 摘要 | The question addressed in this paper is whether the IMF should be involved in Mexico-style crises and, if the answer is positive, whether the existing IMF financing mechanisms are adequate ? both in terms of the volume of funds that can be mobilized and the speed at which they can be mobilized ? to support the crisis-management role that the Fund would play. The paper outlines a plan that satisfies three characteristics: (i) speed, because crisis intervention cannot wait; (ii) risk redistribution, because speed will always come at the cost of higher risk, and this needs to be redistributed across lending countries, and the justification for IMF intervention lies in the ability of this institution, compared with international agencies, to redistribute risk across a large number of potential lenders; (iii) temporary creation of liquidity, because a mechanism designed for crisis management should not produce a permanent increase in international liquidity. |
| 主题 | International Macroeconomics
|
| 关键词 | Imf
Special drawing rights
|
| URL | https://cepr.org/publications/dp1443
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530585
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推荐引用方式
GB/T 7714 |
Stefan Lutz. DP1443 Vertical Product Differentiation, Quality Standards, and International Trade Policy. 1996.
|
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