PRÊT INTERNATIONAL EN DERNIER RESSORT ET SÉLECTIVITÉ DU RENFLOUEMENT

Cécile Bastidon (), Philippe Gilles () and Nicolas Huchet ()
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Philippe Gilles: LEAD, Université du Sud Toulon-Var

Region et Developpement, 2007, vol. 26, 113-129

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.

Keywords: PRÊTEUR EN DERNIER RESSORT; RISQUE SYSTÈMIQUE; MARCHÉ INTERBANCAIRE (search for similar items in EconPapers)
JEL-codes: E44 F34 G21 (search for similar items in EconPapers)
Date: 2007
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Working Paper: Prêt International de dernier ressort et sélectivité du renflouement (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:tou:journl:v:26:y:2007:p:113-129

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