English, Article, Journal or magazine article edition: The Multilateral Response to the Global Crisis: Rationale, Modalities, and Feasibility Eduardo Fernandez-Arias; Andrew Powell; Alessandro Rebucci

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Bookmark: http://trove.nla.gov.au/version/4886
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The Multilateral Response to the Global Crisis: Rationale, Modalities, and Feasibility
Author
  • Eduardo Fernandez-Arias
  • Andrew Powell
  • Alessandro Rebucci
Physical Description
  • preprint
Notes
  • The paper reviews the case for a strong multilateral response to the global crisis in emerging markets (EMs). It discusses modalities and feasibility of intervention and its associated risks, depending on country circumstances of fiscal space and liquidity needs. The specific role of Multilateral Development Banks (MDBs) in ensuring the development effectiveness of the fiscal response is also discussed. The paper concludes by highlighting the international financial architecture issues raised by the global crisis that cannot be addressed immediately but will need to be dealt with once the current crisis has been tamed.
  • Global Crisis, Latin America and Caribbean, Multilateral Development Banks, Policy Responses.
  • RePEc:idb:wpaper:4629
Language
  • English
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