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Myths About the Lender of Last Resort

Charles Goodhart ()

FMG Special Papers from Financial Markets Group

Abstract: 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).

Date: 1999-12
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