Business

The New Lombard Street: How the Fed Became the Dealer of Last Resort

Name: The New Lombard Street: How the Fed Became the Dealer of Last Resort
Author: Perry Mehrling
ISBN: 9780691143989

by Perry Mehrling

Rating

Language EN

ISBN: 9780691143989

Description

Walter Bagehot's Lombard Street, published in 1873 in the wake of a devastating London bank collapse, explained in clear and straightforward terms why central banks must serve as the lender of last resort to ensure liqui...

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