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The Lender of Last Resort: Some Historical Insights

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NBER1989-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3011
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资源简介:
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
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1989-06-01
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