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A Model of the Lender of Last Resort
Language: en
Pages: 34
Authors: Mr.Haizhou Huang
Categories: Business & Economics
Type: BOOK - Published: 1999-03-01 - Publisher: International Monetary Fund

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This paper develops a model of the lender of last resort. It provides an analytical basis for “too big too fail” and a rationale for “constructive ambigui
The Lender of Last Resort Function after the Global Financial Crisis
Language: en
Pages: 63
Authors: Marc Dobler
Categories: Business & Economics
Type: BOOK - Published: 2016-01-22 - Publisher: International Monetary Fund

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The global financial crisis (GFC) has renewed interest in emergency liquidity support (sometimes referred to as “Lender of Last Resort”) provided by central
The New Lombard Street
Language: en
Pages: 192
Authors: Perry Mehrling
Categories: Business & Economics
Type: BOOK - Published: 2022-11-29 - Publisher: Princeton University Press

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Walter Bagehot's Lombard Street, published in 1873 in the wake of a devastating London bank collapse, explained in clear and straightforward terms why central b
A Model of the Lender of Last Resort
Language: en
Pages: 0
Authors: Charles Goodhart
Categories:
Type: BOOK - Published: 2008 - Publisher:

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This paper develops a model of the lender of last resort (LOLR). In a simple one-period setting, the Central Bank (CB) should only rescue banks which are above
The Lender of Last Resort
Language: en
Pages: 527
Authors: Forrest Capie
Categories: Business & Economics
Type: BOOK - Published: 2006-12-15 - Publisher: Routledge

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The capacity of national central banks to 'step in' and bail out an economy is one which has proved to be vitally important over the years. This collection from