Lessons from Bank of Japan's Experience During the Banking Crises of the 1990s and the New Dimension to LOLR Stemming from the Global Financial Crisis

2 Pages Posted: 8 Oct 2014

Date Written: September 2014

Abstract

During the Japanese banking crisis of the 1990s, the Bank of Japan (BoJ) extensively exercised its lender of last resort (LOLR) function. Three main lessons emerge from this experience.

Full publication: Re-Thinking the Lender of Last Resort

Suggested Citation

Nakaso, Hiroshi, Lessons from Bank of Japan's Experience During the Banking Crises of the 1990s and the New Dimension to LOLR Stemming from the Global Financial Crisis (September 2014). BIS Paper No. 79h, Available at SSRN: https://ssrn.com/abstract=2504665

Hiroshi Nakaso (Contact Author)

Bank of Japan ( email )

CPO Box 203
Tokyo, 100-91
Japan

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