Central Bank as a Lender of Last Resort: New Issues of the Monetary Policy Theory
AbstractThe article considers the problem of realization of central banks’ function of the lender of last resort in the situation of liquidity deficit. It shows that the classic definition of the last resort credits principles is not adequate to the tasks which central banks have to solve during liquidity crisis.
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Bibliographic InfoArticle provided by N.P. Redaktsiya zhurnala "Voprosy Economiki" in its journal Voprosy Economiki.
Volume (Year): 12 (2010)
Issue (Month): ()
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Web page: http://www.vopreco.ru/eng/year.html
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