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The Lender of Last Resort Function after the Global Financial Crisis

The Lender of Last Resort Function after the Global Financial Crisis »

Source: The Lender of Last Resort Function after the Global Financial Crisis

Volume/Issue: 2016/10

Series: IMF Working Papers

Author(s): Marc Dobler , Simon Gray , Diarmuid Murphy , and Bozena Radzewicz-Bak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2016

ISBN: 9781498355995

Keywords: collateral, risk control measures, market, lender, liquidity, central bank, Government Policy and Regulation, All Countries,, Lender of last resort, Central banks and their policies

The global financial crisis (GFC) has renewed interest in emergency liquidity support (sometimes referred to as “Lender of Last Resort”) provided by central banks to financial institutions and challenged the tradit...

10 Poverty, Fairness, and the VAT

10 Poverty, Fairness, and the VAT »

Source: The Modern VAT

Series: Books

Author(s): Liam Ebrill , Michael Keen , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 November 2001

ISBN: 9781589060265

Keywords: vat, tax administration, sales tax, taxation, tax system

It is a common fear when a VAT is introduced or extended that there will be an adverse impact on poverty, or on the distribution of real income more generally. Many of the central issues raised by such a con...