Results 241 to 250 of about 202,069,537 (298)
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2019
Abstract The global financial crisis and the sovereign debt crisis in Europe have redefined the functions of the lender of last resort (LOLR). First, they have placed the LOLR at the intersection of monetary policy, fiscal policy, supervision, and regulation of the banking industry.
Xavier Freixas, Bruno M. Parigi
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Abstract The global financial crisis and the sovereign debt crisis in Europe have redefined the functions of the lender of last resort (LOLR). First, they have placed the LOLR at the intersection of monetary policy, fiscal policy, supervision, and regulation of the banking industry.
Xavier Freixas, Bruno M. Parigi
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Journal of Banking & Finance, 2005
Abstract This paper develops a model of the lender of last resort (LOLR) from a Central Bank (CB) viewpoint. The model in a static setting suggests that the CB would only rescue banks which are above a threshold size, consistent with the insight of “too big to fail”.
Charles A.E. Goodhart, Haizhou Huang
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Abstract This paper develops a model of the lender of last resort (LOLR) from a Central Bank (CB) viewpoint. The model in a static setting suggests that the CB would only rescue banks which are above a threshold size, consistent with the insight of “too big to fail”.
Charles A.E. Goodhart, Haizhou Huang
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2000
Over the last quarter of a millennium “the Art of Central Banking”, as Hawtrey called it, has evolved the concept of a lender of last resort. The expression comes from the French dernier ressort, the legal jurisdiction beyond which it is impossible to take an appeal.
Charles P. Kindleberger +1 more
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Over the last quarter of a millennium “the Art of Central Banking”, as Hawtrey called it, has evolved the concept of a lender of last resort. The expression comes from the French dernier ressort, the legal jurisdiction beyond which it is impossible to take an appeal.
Charles P. Kindleberger +1 more
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Blueprint for an international lender of last resort
Journal of Monetary Economics, 2003This paper proposes a low cost alternative to the large bailout packages that the International Monetary Fund (IMF) has organized to address financial crises. The IMF would act as a lender of last resort. Faced with an unsustainable debt burden, a government would declare default.
Lerrick, Adam, Meltzer, Allan
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Myths about the Lender of Last Resort [PDF]
International Finance, 1999 This topic has been prone to the accretion of myths that sometimes obscure the key issues. As a start, Bagehot is often treated as the first to write on the subject, ignoring Thornton's contribution. Next, Bagehot's proposal that such lending be at ‘high’ rates is incorrectly translated into ‘penalty’ rates.
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, 2017 The topic of the final thesis is The Lender of Last Resort. Author of the final thesis has dealt with the issue through the analysis of the European current legislation, available Czech or foreign literature or other relevant sources. The function of the
Varvařovský, Petr
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2002
Abstract In this chapter I must try to walk a narrow line. My task is to discuss the role of the lender of last resort from the point of view of a theorist interested in economic pol icy. That seems to be the natural role for the theorist of last resort.
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Abstract In this chapter I must try to walk a narrow line. My task is to discuss the role of the lender of last resort from the point of view of a theorist interested in economic pol icy. That seems to be the natural role for the theorist of last resort.
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Searching for the lender of last resort
International Economics and Economic Policy, 2015The benighted Eurozone. Hardly any region of the world has had a worse press in the last five years than the community of 19 European countries that share a common currency, the euro. Judging by the tone of the global debate, the Eurozone must be a uniquely dysfunctional place, run by policymakers “who just don’t get it”.
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2022
The prime focus of this paper revolves around the various mechanism used by the Reserve Bank of India in controlling the bank failures and bank runs during a financial crisis. The entire research is done keeping in mind the most valuable and important function of Reserve Bank that is the lender of last resort.
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The prime focus of this paper revolves around the various mechanism used by the Reserve Bank of India in controlling the bank failures and bank runs during a financial crisis. The entire research is done keeping in mind the most valuable and important function of Reserve Bank that is the lender of last resort.
openaire +1 more source
The Lender of Last Resort Reconsidered
Journal of Financial Services Research, 2000The Central Bank's lender of last resort role was developed by a series of authors in the very late eighteenth and through the nineteenth centuries. It was tested in practice in a number of countries and was found to be effective in providing monetary stability in the face of adverse shocks. There have recently been attempts to broaden the role—to make
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