Enemy of none but a common friend of all? : an international perspective on the lender-of-last-resort function /
Saved in:
Author / Creator: | Giannini, Curzio. |
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Imprint: | [Washington, D.C.] : International Monetary Fund, Monetary and Exchange Affairs Department, ©1999. |
Description: | 1 online resource (58 pages) : illustrations |
Language: | English |
Series: | IMF working paper, 2227-8885 ; WP/99/10 IMF working paper ; WP/99/10. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12497911 |
Other authors / contributors: | International Monetary Fund. Monetary and Exchange Affairs Department. |
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ISBN: | 1451890834 9781451890839 1281092835 9781281092830 9781451842678 1451842678 1462373305 9781462373307 1452750300 9781452750309 9786613775887 6613775886 |
Notes: | Includes bibliographical references (pages 53-58). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record. |
Summary: | Central Banks suffer from the limitation ... that they are national central banks. Only in a national economy that is largely self-contained, can a central bank be a true central bank; with the development of world markets, and (especially) of world financial markets, national central banks take a step down, becoming single banks in a world-wide system, not at the "centre" any longer. Thus, the problem that was (partially) solved by the institution of national central banks has reappeared, and is still unresolved (though we are trying to solve it) on the world level.2 |
Other form: | Print version: Giannini, Curzio. Enemy of none but a common friend of all? [Washington, D.C.] : International Monetary Fund, Monetary and Exchange Affairs Department, ©1999 |
Standard no.: | 10.5089/9781451890839.001 |
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