Results 251 to 260 of about 2,647 (311)
Unsecured Credit and the Social Safety Net in U.S. States. [PDF]
Am Sociol RevRhodes AP +5 more
europepmc +1 more source
Towards a Responsible Liberalism
Kyklos, EarlyView.ABSTRACT Liberalism has many faces, ranging from that which emphasises the laissez‐faire approach of freedom from interference to the interventionist perspective on providing the conditions for people to exercise their liberty. In this essay, after summarising the arguments made by four prominent liberal scholars (namely, Keynes, Hayek, Buchanan and ...
Adam Oliver
wiley +1 more source
Reinforcement Learning for Jump‐Diffusions, With Financial Applications
Mathematical Finance, EarlyView.ABSTRACT We study continuous‐time reinforcement learning (RL) for stochastic control in which system dynamics are governed by jump‐diffusion processes. We formulate an entropy‐regularized exploratory control problem with stochastic policies to capture the exploration–exploitation balance essential for RL.
Xuefeng Gao, Lingfei Li, Xun Yu Zhou
wiley +1 more source
Medical Anthropology Quarterly, EarlyView.Abstract This article investigates how Kenyan citizens access healthcare within the framework of Universal Health Coverage (UHC) reforms. Based on ethnographic fieldwork, it reconceptualizes waiting as a politically structured phenomenon rather than a simple delay. The analysis shows that UHC reforms do not eliminate waiting but instead redistribute it,
Edwin Ambani Ameso
wiley +1 more source
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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
openaire +2 more sources
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
openaire +2 more sources
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
openaire +1 more source
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
openaire +1 more source
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
exaly +1 more source
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
openaire +1 more source
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
openaire +1 more source
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
openaire +1 more source