000 00938nam a2200133Ia 4500
080 _a11.02.04 K92
100 _aKregel, Jan
245 _aIMF contingency financing for middle-income countries with access to private capital markets : an assessment of the proposal to create a Reserve Augmentation Line
260 _bUN
_aNew YorkUS
_c2007
300 _aix, 16 p.
520 _aReviews the conditions that led to the loss of IMF control over balance of payments financing, and how private capital flows increased the liquidity requirements for system stability. Examines how the IMF responded to these problems, before assessing whether the Reserve Augmentation Line represents a sufficient improvement to the contingent Credit Line, in providing signals that will reduce the probability of crisis for countries implementing it, as well as conditions to convince countries to actually use it.
583 _c3/5/08
_kJOYD
942 _cM
_mK92
999 _c32457
_d32457