Results 11 to 20 of about 202,069,537 (298)
Towards a New Euro Crisis? [PDF]
Intereconomics, 2022 There is thus a fundamental credibility issue about the willingness of the ECB to be a lender of last resort in the government bond markets. This will continue to make the eurozone a fragile construction.
Paul De Grauwe
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The lender of last resort and liquidity provision: How much of a departure is the sub-prime crisis? [PDF]
, 2009 The traditional role of the lender of last resort (LOLR) is to avoid unnecessary bank failures that could threaten systemic stability, while ensuring that there are suitable safeguards for central bank balance sheets and that moral hazard is minimised ...
Davis, EP
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Liquidity, financial crises and the lender of last resort – How much of a departure is the sub-prime crisis? [PDF]
, 2008 Liquidity risks are endemic to banks, given the maturity transformation they undertake. This gives rise to risk of bank runs, the first line of defence against which should be appropriate liquidity policy of banks.
Davis, EP
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Lender of last resort: A contemporary perspective [PDF]
Journal of Financial Services Research, 1991 Abstract Although much discussed in both the economic and banking literature, the lender of last resort (LLR) has always been a vague concept. Apparently first discussed by Sir Francis Baring in 1797 and refmed by Henry Thornton (1802) and Walter Bagehot (1873), among others, the lender of last resort’s function was to prevent ...
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Post-crisis Belarus: Marxism and the lender of last resort
Journal of Eurasian Studies, 2015 Existing literature has examined the predictions and proscriptions of Karl Marx in response to the 2008 global financial crisis. However, the suggestions put forth by the Marxist-leaning literature never took hold and state-level banking and finance ...
Heather Bell, Robin Bell
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A Private Bank as Lender of Last Resort Under the Classical Gold Standard.
Jahrbuch für Wirtschaftsgeschichte, 2022 The author argues that the idea, that the Bank of England accepted Walter Bagehot's recommendations from around the 1870s onwards and adopted the role of lender of last resort for the British financial markets, is a misconception.
Ziegler Dieter
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The lender of last resort concept: from Bagehot to the crisis of 2007
Revue de la Régulation, 2010 The crisis that has unfolded since the summer of 2007 has provided an opportunity to experiment in vivo one of the most important pillars of economic theory: the lender of last resort (LOLR).
Esther Jeffers
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TARGET2 Imbalances and the ECB as Lender of Last Resort
International Journal of Financial Studies, 2015 This paper analyses the issue of the dynamics of the TARGET2 system balances during the sovereign debt crisis, when some countries registered a decisive inflow of the central bank liquidity and others showed an outflow.
Francesco Purificato, Caterina Astarita
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Dating the Lender of Last Resort
The Economic Journal, 2022 Abstract We exploit a fixed rule constraining central bank credit provision in a regression discontinuity framework to analyse counterparties’ behavioural responses to the (non-)receipt of liquidity during a crisis. In spring 1847, the Bank of England suddenly started rationing credit to avoid violating its gold reserve requirement.
Kilian Rieder +3 more
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Fiscal austerity and monetary easing: which one is to be praised for ending the euro area crisis? [PDF]
The European Journal of Comparative Economics, 2018 In this paper I have used a framework for the analysis of public debt stability that dates back to Domar, and I have extended it in order to consider, together with the role played by the interest rate, the rate of GDP growth and domestic fiscal policy ...
Pompeo Della Posta
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