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Financial emergencies have also been much less frequent and less severe in countries with currency boards or dollarized systems than in those with central banks.
The very nature of some financial emergencies, like unemployment, may disqualify an applicant from a loan.
He created a hardship programme to speed compensation to victims with serious financial emergencies.
The Clinton administration has defended the I.M.F. as vital in financial emergencies.
PAGE A21 PAUL KRUGMAN The odds are that the next president will have to deal with some major financial emergencies.
Governors also have a huge megaphone at their disposal, and should not hesitate to remind both the public and union members that financial emergencies require sacrifice.
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The city is at present in a state of financial emergency.
On March 21st a state-appointed review team unanimously agreed that it is suffering a "severe financial emergency".
The basic story would pit Bear Stearns employees against government regulators in a surreal financial emergency.
Being out of work because of illness or injury is potentially the most devastating financial emergency.
Orr was appointed in March after Snyder declared a "financial emergency" in Detroit.
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