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The lender of last resort : alternative views and historical experience

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Author Info
Michael D. Bordo
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.

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File URL: http://www.richmondfed.org/publications/research/economic_review/1990/pdf/er760103.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Richmond in its journal Economic Review.

Volume (Year): (1990)
Issue (Month): Jan ()
Pages: 18-29
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Handle: RePEc:fip:fedrer:y:1990:i:jan:p:18-29:n:v.76no.1

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Related research
Keywords: Banks and banking - History ; Lenders of last resort ; Banks and banking; Central;

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This page was last updated on 2009-12-18.

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