The European central bank and the us federal reserve as lender of last resort
Without a lender of last resort financial stability is not possible and systemic financial crises get out of control. During and after the Great Recession the US Federal Reserve System (Fed) and the European Central Bank (ECB) took on the role of lender of last resort in a comprehensive way...
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| Format: | Article |
| Language: | English |
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Economists' Association of Vojvodina
2014-01-01
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| Series: | Panoeconomicus |
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| Online Access: | http://www.doiserbia.nb.rs/img/doi/1452-595X/2014/1452-595X1401059H.pdf |