@techreport{Fernandez-Arias2009multilateral,
abstract = {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.},
address = {Washington, DC},
author = {Eduardo Fern\'{a}ndez-Arias and Andrew Powell and Alessandro Rebucci},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {F3; F33; F53; 330; Global Crisis; Latin America and Caribbean; Multilateral Development Banks; Policy Responses; Finanzmarktkrise; Finanzmarkt; Aufstrebende M\"{a}rkte; Bankenpolitik; Internationale wirtschaftspolitische Koordination; Entwicklungsbank; Welt},
language = {eng},
number = {683},
publisher = {Inter-American Development Bank, Research Dep.},
title = {The multilateral response to the global crisis: Rationale, modalities, and feasibility},
type = {Working paper // Inter-American Development Bank, Research Department},
url = {http://hdl.handle.net/10419/51440},
year = {2009}
}
