Choudhry, Moorad; Landuyt, Gino - In: Journal of applied finance & banking 2 (2012) 4, pp. 155-165
recent eurozone sovereign credit crisis have re-ignited the debate on the principle of the taxpayer-funded central bank … funding stresses. We focus on alternatives to the public sector central bank being the backstop liquidity provider of last … resort for a bank experiencing funding (as opposed to capital loss) stress, and recommend a viable solution that would …