Economic Review

1990

 
+ Share

Jan/Feb, 1990

The Lender of Last Resort: Alternative Views and Historical Experience

Michael D. Bordo

Four views on the proper role of the lender of last resort are defined. Historical evidence is given on the causes of banking panics in the U.S. and other countries and the roles lenders of last resort played in resolving them.



Our Research Focus: Monetary History

Contact Us

Richmond

Amanda L. Kramer
(804) 697-8606