English, Article, Journal or magazine article edition: The Lender of Last Resort: Some Historical Insights Michael D. Bordo

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Bookmark: http://trove.nla.gov.au/version/141147
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The Lender of Last Resort: Some Historical Insights
Author
  • Michael D. Bordo
Physical Description
  • preprint
Notes
  • This paper discusses the role for a lender of last resort (LLR) in preventing banking panics (section I) , then briefly considers classical and more recent concepts of the LLR (section II). Section III examines historical evidence for the U.S. and other countries on the incidence of banking panics and LLR actions, and the record of alternative LLR arrangements in the U.S., Scotland and Canada, as well as the historical record on bailouts. Section IV offers some lessons from history.
  • RePEc:nbr:nberwo:3011
Language
  • English
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