Pledge proposed by the International Monetary Fund in 2010 in view of the aftermath of the subprime crisis to provide unconditional assistance to countries experiencing liquidity difficulties in order to avoid contagion effects at the international level. – The idea did not meet with approval, especially from the ECB and also from most European governments. This is because such an assurance would undermine all efforts to preserve financial stability in many countries. – See bail-out, Greek crisis, conditionality, moral hazard.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/