Lender of Last Resort and Global Liquidity

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.

Bibliographic Details
Main Author: Obstfeld, Maurice
Format: Journal Article
Published: World Bank 2012
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

Internet

http://hdl.handle.net/10986/4606

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