Aspects of the international banking safety net

the long version

This paper focuses on one aspect of banks' willingness and ability to continue international intermediation. Banking history up to the 1930s was replete with crisis that entailed a disruption of banking activity, drastically altering the volume, direction, and terms of the flow of funds within and among national economies. The paper provides a qualitative assessment of the strengths and weaknesses of the existing safegards for the continuity of international intermediation by banks.