000			01222pab a2200157 454500
008			180718b2003 xxu||||| |||| 00| 0 eng d
100			_aBarthalon, Eric
245			_aFrom here to eternity
260			_c2003
300			_ap.285-319.
362			_aJul
520			_aThis article offers a critical reflection on the character and significance of financial crises, drawing on the work of various thinkers who have examined this issue. After defining a financial "crisis", the article asks three questions: Are financial crises foreseeable? Can and should they be contained? How can they be prevented? The first section reviews the various mechanisms that lead to a crisis situation. The second analyzes the role of the lender of last resort and the three dilemmas it faces, relating respectively to moral hazard, the bearing of losses by the community, and the handling of the assets obtained from such a lender's intervention. The last part presents the various proposals that have been made for the prevention of crises - some of them based on the existing monetary institutions, others more radical. - Reproduced.
650			_aEconomic recession
773			_aInternational Political Science Review
909			_a57606
999			_c57606 _d57606