Winter 2009

Federal Reserve

Last Stop Lending
By Stephen Slivinski

Related Links

Humphrey, Thomas M. “The Lender of Last Resort: The Concept in History.” Federal Reserve Bank of Richmond Economic Review, March/April 1989, pp. 8-16.

Schwartz, Anna J. “The Misuse of the Fed’s Discount Window.” Federal Reserve Bank of St. Louis Review, September 1992, pp. 58-69.