Boyson, Nicole; Helwege, Jean; Jindra, Jan - In: Financial Management 43 (2014) 4, pp. 857-884
type="main" <p>If liquidity shortages cause financial crises, a lender of last resort can provide funds to banks facing potential fire sales. However, if funding problems primarily occur at banks with existing solvency problems, then government liquidity programs may not spur bank lending. We find...</p>
