Leaners of Last Resort

Here too, however, actual military intervention should only be a last resort.

Nor can the government always be the employer of last resort.

An aid cutoff should be a policy of last resort, not a first strike.

He is ideally positioned to lead a technocratic cabinet of last resort.

If the banks are merely illiquid, the Federal Reserve in Washington is ready to act as a lender of last resort.

First, it is strange that Europe has agreed to provide assistance only as a last resort, by unanimity and with harsh conditionality, at a time when the International Monetary Fund has created first resort, near automatic, and low conditionality facilities to help countries hit by sudden capital outflows.

But, unlike banks, they do not have the safety net implied by central banks role as lender of last resort.

Governments brought commercial banks under prudential regulation in exchange for public provision of deposit insurance and lender of last resort functions.

Heavy handed diplomatic pressure such as threats to exclude Russia from the G8 must be a weapon of last resort.

In these desperate circumstances, North Korea s leaders clung to their strategy of developing nuclear weapons as a last resort to defend the security of their regime.

Without its own currency, the IMF is poorly positioned to intervene with the overwhelming force needed for lender of last resort operations.

For example, article 37 of the Convention on the Rights of the Child indicates that children should be detained only as a measure of last resort and for the shortest appropriate period of time.

(c) Ensure that detained children are always separated from adults and that deprivation of liberty is used only as a last resort, for the shortest appropriate time and in appropriate conditions and

Governments must use force only as a last resort and identify and agree on clear guiding rules and principles on doing so.

Home regulators and lenders of last resort are increasingly worried about their potential exposure to losses in banks overseas operations.

Spain has the same fiscal and structural problems that it had prior to the OMT program s launch, but now it has an external lender of last resort.

Banks could take on overly risky projects without scaring off investors because the government would step in as the lender of last resort.

Even the euro area, which is far more cohesive than the world as a whole, has not quite figured out how to use its central bank as lender of last resort.

(a) Strengthen monitoring and supervising effectively the system of adoption of children in the light of article 21 and other relevant provisions of the Convention and to make sure that intercountry adoption is a measure of last resort

In had decided inter alia to review the situation of the implementation of the Convention, as an ultimate remedy, including in countries that, although parties to the Convention, had not yet presented any reports.

Such regulations should be a key part of any system to ensure financial stability resorting to them only as a last resort is a recipe for continued instability.

Rather than trying to mount a last ditch defense of the fixed exchange rate, the government, at the suggestion of the Bank of England, agreed to abandon the gold standard and devalue the pound.

For the SDR to become a true international currency, in other words, the IMF would have to become more like a global central bank and international lender of last resort.

Pointing to the inflow of jihadis, Morell said that Syria s current track is toward the collapse of its central government, after which it would replace Pakistan as Al Qaeda s preferred haven.

Now the IMF has blessed such interventions but, as a sop to those who are still not convinced, it suggests that they should be used only as a last resort.

Likewise, if the perceived creditworthiness of the government is shaken, then intervention from some outside lender of last resort might be essential for either the second or third cure to work.

The International Monetary Fund and the World Bank can serve as lender of last resort to emerging markets at risk of losing market access, conditional on appropriate policy reforms.

On March 12, 2002, the Tribunal administratif du Québec (TAQ) handed down a decision that provided for last resort financial assistance to homeless and itinerant people, who were previously inadmissible (C.R. c. Québec (Ministre de la Solidarité sociale), T.A.G. 737 (T.A.G.

As the current crisis has demonstrated yet again, capitalism needs stabilizing arrangements such as a lender of last resort and counter cyclical fiscal policy.

We reaffirm that the relevant provisions of the Charter regarding the use of force are sufficient to address the full range of security threats and agree that the use of force should be considered an instrument of last resort.

The principle of complementarity, enshrined in the Rome Statute, assures us that the Court will act as a last resort only when a State is unable or unwilling to judge those who commit the most serious crimes.

We also reaffirm that the relevant provisions of the Charter of the United Nations regarding the use of force are sufficient to address the full range of security threats and agree that the use of force should be considered as an instrument of last resort.

(d) In cases where deprivation of liberty is unavoidable and used as a last resort, improve procedures of arrest and conditions of detention and establish special units within the police for the handling of cases of children in conflict with the law.

To prevent the country from sliding back into a safe haven for terrorists and warlords, the Government of Afghanistan and the international community must find ways to stop the renewed flow of funds to the Taliban and other terrorist groups.

Some delegations expressed concern at the imposition of sanctions by the Security Council, making it clear that sanctions should be imposed only as a last resort and after all means available to the Council under Chapter VI of the Charter had been exhausted.

My delegation would in fact argue that there is a need for ever increasing common endeavours among all member States to prevent weaponization, so as to preserve space as a sanctuary for peaceful purposes for the benefit of all peoples.

It was of crucial importance that there should be no circumvention of the Security Council's authority, especially in relation to the use of force in the name of the international community military force should be used as a last resort on an agreed basis and should be reasonable and adequate.

Some delegations held the opinion that the Council was making excessive use of Chapter VII of the Charter, which should be invoked only as a last resort, and that it should make more frequent use of Chapters VI and VIII instead.

That stability reflected a simple quid pro quo regulation in exchange for freedom to operate.

Like banks, all these financial institutions are subject to liquidity or rollover risk the risk of going belly up if their creditors do not rollover their short term credit lines. But, unlike banks, they do not have the safety net implied by central banks role as lender of last resort.

By contrast, a combination of Eurobonds, a fully fledged debt facility, enhanced powers for the ECB so that it can act as a lender of last resort, and solid economic governance would work.

Likewise, if the perceived creditworthiness of the government is shaken, then intervention from some outside lender of last resort might be essential for either the second or third cure to work. But that, too, is not the situation today in the core economies of the North Atlantic.

Provision of liquidity by an international lender of last resort the European Central Bank, the International Monetary Fund, or even a new European Monetary Fund could prevent an illiquidity problem from turning into an insolvency problem.