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Bank of Canada RSS Feedsen2024-03-28T14:49:30+00:00The Resolution of International Financial Crises: Private Finance and Public Funds
https://www.bankofcanada.ca/wp-content/uploads/2010/06/jointpapere.pdf
Over the past year and a half, authors Andy Haldane of the Bank of England and Mark Kruger of the Bank of Canada have been developing a framework for the resolution of international financial crises that aligns incentives for all parties in a way that deals with the crisis and preserves the integrity of the international financial system. The framework is built on principles, not rules. It attempts to be clear about the respective roles and responsibilities of the public and private sectors. A central element in shaping private sector expectations is knowledge that the official sector will behave predictably. Constraints on lending by the International Monetary Fund are a key step in that direction. They ensure that private sector involvement is a crucial part of crisis resolution, and they help encourage debtors and creditors to seek co-operative solutions to a crisis. Characterized by constraints, clarity, and orderliness, the framework has the potential to reduce the incidence and cost of financial crises.2001-12-18T15:26:31+00:00enThe Resolution of International Financial Crises: Private Finance and Public Funds2001-12-18The Resolution of International Financial Crises: Private Finance and Public Funds
https://www.bankofcanada.ca/2001/11/working-paper-2001-20/
Over the past year and a half, the Bank of England and the Bank of Canada have been developing a framework for the resolution of international financial crises that aligns incentives for all parties to deal with a crisis and preserve the integrity of the international financial system. The framework is built on principles, not rules.2001-11-01T10:10:21+00:00enThe Resolution of International Financial Crises: Private Finance and Public Funds2001-11-01International topicsWorking Paper 2001-20 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp01-20.pdfThe Resolution of International Financial Crises: Private Finance and Public FundsAndy HaldaneMark KrugerNovember 2001FF3F34F4F42