Lender of Last Resort and Global Liquidity : Rethinking the system

One important lesson of the crisis is the need to take a systemic view of measures aimed at financial stability. Measures that enhance the stability of a single institution could be inimical to the stability of the financial system as a whole.

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Year of publication:	2009
Authors:	Obstfeld, Maurice
Published in:	Development Outreach. - World Bank, ISSN 1020-797X, ZDB-ID 2073983-7. - Vol. 11.2009, 3, p. 43-46
Publisher:	World Bank
Subject:	BALANCE SHEET \| BALANCE SHEETS \| BANK CREDITS \| BANKRUPTCY \| CENTRAL BANK \| CENTRAL BANKS \| FEDERAL RESERVE \| FINANCIAL CRISES \| FINANCIAL CRISIS \| FINANCIAL FLOWS \| FINANCIAL INSTABILITY \| FINANCIAL MARKETS \| LENDER \| LENDER-OF-LAST-RESORT \| LENDERS \| LIQUIDITY \| NATIONAL BANK \| NATIONAL FINANCE \| SWAP \| SWAPS

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Type of publication:	Article
Type of publication (narrower categories):	research-article
Language:	English
Other identifiers:	10.1596/1020-797X_11_3_43 [DOI]
Source:	Other ZBW resources

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