The fundamental linkage between debt crises and monetary crises that can shift a manageable downturn into an unmanageable panic is referred to as a
a. lender of last resort.
b. crisis of confidence.
c. monetary stagnation.
d. currency devaluation.
Question 2
When called in to help with a monetary crisis, the IMF puts the responsibility usually on
a. the lender country.
b. the borrowing country.
c. multinational corporations.
d. the U.S. government.