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|z 9781498355995
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|a 1018-5941
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|a Dobler, Marc.
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|a The Lender of Last Resort Function after the Global Financial Crisis /
|c Marc Dobler, Simon Gray, Diarmuid Murphy, Bozena Radzewicz-Bak.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2016.
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|a 1 online resource (63 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a The global financial crisis (GFC) has renewed interest in emergency liquidity support (sometimes referred to as 'Lender of Last Resort') provided by central banks to financial institutions and challenged the traditional way of conducting these operations. Despite a vast literature on the topic, central bank approaches and practices vary considerably. In this paper we focus on, for the most part, the provision of idiosyncratic support, approaching it from an operational perspective; highlighting different approaches adopted by central banks; and also identifying some of the issues that arose during the GFC.
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|a Mode of access: Internet
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|a Gray, Simon.
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|a Murphy, Diarmuid.
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|a Radzewicz-Bak, Bozena.
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|a IMF Working Papers; Working Paper ;
|v No. 2016/010
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2016/010/001.2016.issue-010-en.xml
|z IMF e-Library
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