The lender of last resort: alternative views and historical experience

Michael Bordo

Economic Review, 1990, vol. 76, issue Jan, 18-29

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.

Keywords: Banks and banking - History; lenders of last resort; Banks and banking, Central (search for similar items in EconPapers)
Date: 1990
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