Lender of last resort in a monetary union
The theory of optimal currency areas was developed during the 1960’s and 1970’s. At that time the international financial system was very different from the current system, banking systems were smaller and the flow of funds across borders limited. Developments in the Eurozone in recent years have sh...
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| Format: | Article |
| Language: | English |
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University of Iceland
2014-12-01
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| Series: | Stjórnmál og Stjórnsýsla |
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| Online Access: | http://www.irpa.is/article/view/1612 |