Journal Article
The lender of last resort : alternative views and historical experience
Abstract: Four views on the proper role of the lender of last resort are defined. Historical evidence is given on the causes of banking panics in the U.S. and other countries and the roles lenders of last resort played in resolving them.
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Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Economic Review
Publication Date: 1990
Volume: 76
Issue: Jan
Pages: 18-29