Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

PL EN


2016 | 4 | 167-184

Article title

Instytucja pożyczkodawcy ostatniej instancji - na przykładzie Międzynarodowego Funduszu Walutowego

Content

Title variants

Languages of publication

PL

Abstracts

PL
A global lender of last resort is an institution that plays a significant role in an international financial system. It was clearly brought into the limelight by the recent financial crisis. The existence of this institution is strongly justified by the volume and volatility of global capital flows, the increasing financial and economic interlinkages between the countries, as well as the consequent possibility of the spill over effects. The article argues that the International Monetary Fund appears to be the only international financial institution capable of acting as a global lender of last resort and thus ensuring stability of the international financial system. The IMF has proven useful in providing liquidity support to countries struggling with financial dificulties in recent years. It is equipped with adequate financial resources, lending facilities tailored to address the specific circumstances of its members, highly qualified staff and the coordination capacities at the international level, which are indispensable to forestall the crisis in the global economy

Year

Issue

4

Pages

167-184

Physical description

Dates

published
2016-11-28

Contributors

References

Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.ojs-doi-10_33119_KKESSiP_2016_4_8
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.