Blueprint for an international ledner of last resort

Article Abstract:

A low-cost alternative to large financial rescue packages offered to economies in financial crises would involve having the International Monetary Fund act as a lender of last resort, offering cash support at a discount to the government's minimum offer, thus creating a functioning market of defaulted debt. Such a plan would offer distressed governments an opportunity to restructure at a sustainable level.

Management dynamics, Management, Company business management

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Discussion: comment on: blueprint for an international lender of last resort

Article Abstract:

A study that proposes that the International Monetary Fund act as an international lender of last resort to permit governments to restructure at a sustainable level does not take into consideration whether the IMF would have sufficient funds to provide financing to several countries that might go into financial crisis at the same time or in succession.

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Importing technology

Article Abstract:

Three contributions are made to look at the disaggregated imports of various types of equipment to make inferences on cross-country differences in the composition of equipment investment. It is shown that the composition of capital has the potential to account for some of the large observed differences in TFP across countries.

Administration of General Economic Programs, Foreign Aid-Technical Assistance, Economic aspects, Company investment, Investments, Technological innovations, Technical assistance, Foreign technical assistance

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