Lender of last resort/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> An institution, that is prepared to lend money to any solvent bank that encounters a serious ''liquidity risk'', or a threatened bank ''run''. (The term...) |
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Revision as of 07:15, 20 October 2008
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Lender of last resort [r]: An institution, that is prepared to lend money to any solvent bank that encounters a serious liquidity risk, or a threatened bank run. (The term is not applicable to financial assistance to avert insolvency.