A function of a central bank, such as the Federal Reserve, in which it lends money to a bank which is facing unusually heavy withdrawals.
Related information about lender of last resort:
- Lender of last resort - Wikipedia, the free encyclopedia
A lender of last resort is an institution willing to extend credit when no one else will. The term refers especially to a reserve financial institution, most often the ...
- Lender Of Last Resort Definition | Investopedia
In the U.S. the Federal Reserve acts as the lender of last resort to institutions that do not have any other means of borrowing and whose failure to obtain credit ...
- Lender of Last Resort: What It Is, Whence It Came ... - Cato Institute
Federal Reserve as the economy's lender of last resort (LLR). Typical is the ... such an entity as the classical lender of last resort—the traditional, standard LLR ...
- Lender of Last Resort - Financial Dictionary - The Free Dictionary
Traditionally the Federal Reserve Bank in the US, which assists banks that face large withdrawals of funds and in so doing stabilizes the banking system.
- What is lender of last resort? definition and meaning
Definition of lender of last resort: Central bank of a country that has the authority and financial resources to act as the ultimate source of credit. In emergencies ...
- Lender of Last Resort: The Concept in History - Federal Reserve ...
The term “lender of last resort” owes its origin to. Sir Francis Baring, who in his ... coauthored with Robert E. Keleher, “The Lender of Last Resort: A Historical ...
- the international lender of last resort: what are the alternatives?
to reduce the need for a real international lender of last resort, but in the ... lender of last resort in general, although they all come to the same basic theme, which ...
- Lender of Last Resort Definition & Example | InvestingAnswers
We explain the definition of Lender of Last Resort, provide a clear example of how it works and explain why it's an important concept in business, finance ...