Lessons from Lender of Last Resort Actions During the Crisis: The Federal Reserve Experience

5 Pages Posted: 8 Oct 2014

See all articles by William R. Nelson

William R. Nelson

Board of Governors of the Federal Reserve System

Date Written: September 2014

Abstract

This paper reviews the specifics of the Federal Reserve's authority to act as lender of last resort and its actions during the crisis, and subsequently discusses the lessons drawn by the author from their experience.

Full publication: Re-Thinking the Lender of Last Resort

Suggested Citation

Nelson, William Richard, Lessons from Lender of Last Resort Actions During the Crisis: The Federal Reserve Experience (September 2014). BIS Paper No. 79d, Available at SSRN: https://ssrn.com/abstract=2504659

William Richard Nelson (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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