The multilateral response to the global crisis: Rationale, modalities, and feasibility

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 683

Classification and Topics

• Classification: Wirtschaft ; International Monetary Arrangements and Institutions ; International Agreements and Observance; International Organizations
• Subject: Global Crisis ; Latin America and Caribbean ; Multilateral Development Banks ; Policy Responses ; Finanzmarktkrise ; Finanzmarkt ; Aufstrebende Märkte ; Bankenpolitik ; Internationale wirtschaftspolitische Koordination ; Entwicklungsbank ; Welt

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Fernández-Arias, Eduardo ; Powell, Andrew ; Rebucci, Alessandro
• Event: Veröffentlichung
• (who): Inter-American Development Bank, Research Department
• (where): Washington, DC
• (when): 2009

Further information

• Handle: http://hdl.handle.net/10419/51440
• Last update: 10.03.2025, 11:44 AM CET