Gregurek, Miroslav; Vidakovic, Neven; Grgic, Josip - In: Montenegrin Journal of Economics 7 (2011) 1, pp. 21-38
The paper analyses the role of the lender of last resort in a global economy. The crisis started in 2008 has shown that in global crisis the problem of banks is not only with liquidity, but also with the lack of capital. In order to fully understand the bank's need for capital it is necessary to...