Lessons from Lender of Last Resort Actions During the Crisis: The Federal Reserve Experience
5 Pages Posted: 8 Oct 2014
Date Written: September 2014
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: Suggested Citation