Results 31 to 40 of about 202,069,537 (298)
The Lender of Last Resort: A 21st Century Approach [PDF]
, 2004 The classical Bagehot's conception of a Lender of Last Resort (LOLR) that lends to illiquid banks has been criticized on two grounds: on the one hand, the distinction between insolvency and illiquidity is not clear cut; on the other a fully collateralized repo market allows Central Banks to provide the adequate aggregated amount of liquidity and leave ...
Xavier Freixas +2 more
openaire +9 more sources
A Theory of Collateral for the Lender of Last Resort
Review of Finance, 2017 Abstract We consider a macroprudential approach to analyze the optimal lending policy for the central bank, focusing on spillover effects that policy exerts on money markets. Lending against high-quality collateral protects central banks against losses, but can adversely affect liquidity creation in markets since high-quality ...
Dong Beom Choi +2 more
openaire +2 more sources
Debates, Plans and Interventions to Overcome the 1931 Banking Crisis in Romania and Bulgaria
Jahrbuch für Wirtschaftsgeschichte, 2022 In the summer of 1931, the Austro-German banking crisis spread to Romania and Bulgaria. In the Romanian case, the management of the crisis confronted three types of protagonists – politicians, bankers and central bankers – and positions about the ...
Torre Dominique, Nenovsky Nikolay
doaj +1 more source
Drivers of tail evolution in squamates and their implications for the fossorial origin of snakes
The Anatomical Record, EarlyView.Abstract The axial skeleton serves as the primary structural support in all vertebrates and is subdivided into five distinct regions: cervical, thoracic, lumbar, sacral, and caudal. Relaxation of constraints acting on the terminal end of the axial skeleton has led to remarkable variation in caudal vertebrae number across Squamata.
Olivia Binfield +2 more
wiley +1 more source
Financial Market Liquidity and the Lender of Last Resort [PDF]
, 2010 It has been argued in the literature that emergency liquidity injections should be conducted preferably in the form of open market operations. As we show in the present paper, this is not necessarily the case when liquidity may be alternatively used for speculative purposes during the crisis.
Christian Ewerhart, Natacha Valla
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British Educational Research Journal, EarlyView.Abstract In England, education is compulsory, but schooling is not: it is legal for families to home educate their children. This form of education is officially termed by the Department for Education as ‘Elective Home Education’. As this designation implies, many families home educate as a positive and preferential ‘choice’.
Katherine Davey +3 more
wiley +1 more source
The Fast, the Steady and the Tenacious: Funding Pathways for Circular Start‐Ups
Business Strategy and the Environment, EarlyView.ABSTRACT Circular start‐ups (CSUs) are critical for unlocking the circular economy, yet they face persistent barriers in accessing finance. Despite growing interest from policymakers and financing institutions, little empirical evidence explains how these ventures pursue and secure funding.
Pilar Mejía‐Vélez +4 more
wiley +1 more source
International Journal of Financial StudiesAs a cornerstone of the modern financial safety net, the Lender of Last Resort (LOLR) is essential in mitigating liquidity crises and containing financial contagion.
Wenlong Miao, Yuxian Ma, Yuanyuan Huo
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The early prediction of bank defaults by central banks [PDF]
PanoeconomicusThis article elucidates the approach used by central banks to monitor bank stability at an early stage. Existing default prediction models use CAMELS to estimate bank stability.
Larionov Alexander Vitalevich
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Business Strategy and the Environment, EarlyView.ABSTRACT Although SMEs comprise over 90% of firms globally, research on their engagement with Scope 3 (value‐chain) greenhouse gas emissions remains limited. This PRISMA‐guided systematic review synthesises 49 SME‐relevant studies to develop a theory‐informed, practice‐oriented framework for more credible and sustained Scope 3 engagement.
Chidinma Uchendu +5 more
wiley +1 more source