Lender of Last Resort and Global Liquidity
One important lesson of the crisis is the need to take a systemic view of measures aimed at financial stability. Measures that enhance the stability of a single institution could be inimical to the stability of the financial system as a whole.
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| Format: | Journal Article biblioteca |
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World Bank
2009-12-01
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| Subjects: | balance sheet, balance sheets, bank credits, bankruptcy, central bank, central banks, federal reserve, financial crises, financial crisis, financial flows, financial instability, financial markets, lender, lender-of-last-resort, lenders, liquidity, national bank, national finance, swap, swaps, |
| Online Access: | http://hdl.handle.net/10986/4606 |
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| Summary: | One important lesson of the crisis is the need to take a systemic view of measures aimed at financial stability. Measures that enhance the stability of a single institution could be inimical to the stability of the financial system as a whole. |
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