Economics, Econometrics and Finance
8 years ago

Financial crises halted with international lender of last resort solution!

RePEc: Research Papers in Economics
Financial crises, contagion, and the lender of last resort : a reader
Charles Goodhart, Gerhard Illing

Paper Summary

The article explores the impact of financial crises, contagion, and the role of a lender of last resort in the banking system. It delves into the effects of paper credit in Great Britain, financial deregulation, monetary policy, and systemic risk in banking. The researchers also investigate the possibility of an international lender of last resort.

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