Journal Article
Averting Financial Crises: Advice from Classical Economists
Abstract: Editor's Note: The story of how central banks handled the global financial crisis in 2007-2008 is now familiar: They bent the traditional rules of lending to provide emergency funds to a wide array of institutions that lacked short-term financing, hoping to keep the institutions alive and minimize recession and job loss.
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https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2014/q4/pdf/federal_reserve.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Econ Focus
Publication Date: 2014
Issue: 4Q
Pages: 5-9