Lender of Last Resort and Global Liquidity
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.
Main Author: | Obstfeld, Maurice |
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Format: | Journal Article |
Published: |
World Bank
2012
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Subjects: | |
Online Access: | http://hdl.handle.net/10986/4606 |
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