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Prêt International de dernier ressort et sélectivité du renflouement

Author

Listed:
  • Cécile Bastidon

    (LEAD - Laboratoire d'Économie Appliquée au Développement - UTLN - Université de Toulon)

  • P. P. Gilles
  • Nicolas Huchet

    (LEAD - Laboratoire d'Économie Appliquée au Développement - UTLN - Université de Toulon)

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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Cécile Bastidon & P. P. Gilles & Nicolas Huchet, 2007. "Prêt International de dernier ressort et sélectivité du renflouement," Post-Print hal-01295764, HAL.
    • Handle: RePEc:hal:journl:hal-01295764
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    Keywords

    Finances;

    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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