"To the extent that international supervision of the financial system exists, it has often sent perverse signals to bankers and investors, and probably governments as well, about the existence of lender of last resort facilities. As a result, the international financial system is a reckless place in which accidents inevitably happen. If that is the general diagnosis, what is the cure?".
|Original language||English (US)|
|Number of pages||5|
|State||Published - Dec 1 1998|
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