Myths About the Lender of Last Resort
Charles Goodhart ()
FMG Special Papers from Financial Markets Group
There are few issues so subject to myth, sometimes unhelpful myths that tend to obscure rather than to illuminate real issues, as is the subject of whether a Central Bank, (or an International Financial Institution (IFI) such as the international Monetary Fund (IMF))), should act as a Lender of Last Resort (LOLR).
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