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
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
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