What does a lender of last resort mean? How does this relate to the financial stability function

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What does a lender of last resort mean? How does this relate to the financial stability function of central banks?

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Financial Markets Banking And Monetary Policy

ISBN: 9781118872239

1st Edition

Authors: Thomas D. Simpson

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Question Posted: Feb 02, 2024 09:47 AM

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What does a lender of last resort mean? How does this relate to the financial stability function

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A lender of last resort refers to an institution typically a central bank that offers loans to banks ...View the full answer

Financial Markets Banking And Monetary Policy

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