IMF paper on the European single financial market

The IMF Working Paper "The lender of last resort in the European single financial market" published May 2006 examines challenges in effectively implementing the lender-of-last-resort function in the EU single financial market.

Briefly highlighted are features of the EU financial landscape that could increase EU systemic financial risk. Briefly described are the complexities of the EU's financial stability architecture for preventing and resolving financial problems, including lender-of-last

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