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Kenneth Rogoff
NBER Working Paper No. 7265*
Issued in July 1999
NBER Program(s): IFM
---- Abstract -----
This paper asks how recent developments in research on banking and sovereign lending can help inform the debate on choosing a new international financial architecture. A broad range of plans is considered, including a global lender of last resort facility, an international bankruptcy court, an international debt insurance corporation, and unilateral controls on capital flows.
*Published: Journal of Economic Perspectives, Vol. 13, no. 4 (Fall 1999): 21-42.
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