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Myths About the Lender of Last Resort

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  • Charles Goodhart

Abstract

There are few issues so subject to myth, sometimes unhelpful myths that tend to obscure rather than to illuminate real issues, as is the subject of whether a Central Bank, (or an International Financial Institution (IFI) such as the international Monetary Fund (IMF))), should act as a Lender of Last Resort (LOLR).

Suggested Citation

  • Charles Goodhart, 1999. "Myths About the Lender of Last Resort," FMG Special Papers sp120, Financial Markets Group.
    • Handle: RePEc:fmg:fmgsps:sp120
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    File URL: http://www.lse.ac.uk/fmg/documents/specialPapers/1990s/sp120.pdf
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