Remarks on Systemic Risk and the International Lender of Last Resort

Frederic Mishkin

Chapter 3 in Globalization and Systemic Risk, 2009, pp 27-37 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:How Should a Lender of Last Resort Operate?Restore confidence in the financial system by quickly providing liquidityLimit moral hazard by encouraging adequate prudential supervisionAct as a lender of last resort infrequentlyCurrent Challenges for an International Lender of Last Resort

Keywords: Globalization; Banking; Financial Markets; Systemic Risk; Financial Crisis; Contagion (search for similar items in EconPapers)
Date: 2009
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