What does international lender of last resort mean?
Definitions for international lender of last resort
in·ter·na·tional lender of last re·sort
This dictionary definitions page includes all the possible meanings, example usage and translations of the word international lender of last resort.
Wikipedia
International lender of last resort
International lender of last resort (ILLR) is a facility prepared to act when no other lender is capable or willing to lend in sufficient volume to provide or guarantee liquidity in order to avert a sovereign debt crisis or a systemic crisis. No effective international lender of last resort currently exists. The role and suggested functions of an ILLR in a crisis are like a domestic lender of last resort but one at an international level that can bail out one or several countries. A number of different proposals and structures have been suggested and some have been implemented but with limited success. One such example is the International Monetary Fund's supplemental reserve facility (SRF). Some suggested ILLRs have been limited to supranational regions such as the Eurozone where agreements and funding are easier to achieve.
Numerology
Chaldean Numerology
The numerical value of international lender of last resort in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of international lender of last resort in Pythagorean Numerology is: 9
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"international lender of last resort." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/international+lender+of+last+resort>.
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