The Domestic Lender of Last Resort

Robert Z. Aliber and Charles P. Kindleberger
Additional contact information
Robert Z. Aliber: University of Chicago
Charles P. Kindleberger: Massachusetts Institute of Technology

Chapter 12 in Manias, Panics, and Crashes, 2015, pp 260-278 from Palgrave Macmillan

Abstract: Abstract The hallmark in the development of ‘the Art of Central Banking’ over the last two hundred years has been the evolution of the concept of ‘a lender of last resort’. The expression comes from the French dernier ressort, and centers on the last legal jurisdiction to which a petitioner can take an appeal. The term has become thoroughly anglicized, and now the emphasis is on the responsibilities of the lender rather than the rights of the borrower.

Date: 2015
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-52574-1_13

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137525741

DOI: 10.1007/978-1-137-52574-1_13

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().