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Prêt International En Dernier Ressort Et Sélectivité Du Renflouement

Author

Listed:
  • Cécile BASTIDON

    (LEAD, Université du Sud Toulon-Var)

  • Philippe GILLES

    (LEAD, Université du Sud Toulon-Var)

  • Nicolas HUCHET

    (LEAD, Université du Sud Toulon-Var)

Abstract

In the event of a third generation crisis, international lending of last resort should be used if and only if the ILLOR is informed on the subject of financial and banking domestic markets. Therefore, it will act at a macroeconomic level, as a usual ILLOR, but also at a microeconomic level, since there will be selective lending to commercial banks. There are two conditions to the optimality of this intervention: first, the country should be eligible ; and second, only solvent banks should be bailed out.

Suggested Citation

  • Cécile BASTIDON & Philippe GILLES & Nicolas HUCHET, 2007. "Prêt International En Dernier Ressort Et Sélectivité Du Renflouement," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 26, pages 113-129.
    • Handle: RePEc:tou:journl:v:26:y:2007:p:113-129
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    Keywords

    PRÊTEUR EN DERNIER RESSORT; RISQUE SYSTÈMIQUE; MARCHÉ INTERBANCAIRE;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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