de Boyer des Roches, Jérôme; Solis Rosales, Ricardo - Université Paris-Dauphine (Paris IX) - 2011
This paper traces R. G. Hawtrey’s main contributions to the theory of the lender of last resort national both (LLR) and …, 1984, 1989 and 1992) who considers that Thornton and Bagehot have basically the same approach about LLR. Hawtrey renewed … Thonton’s views extending the concepts to new problems, including the ILLR. Hawtrey built a model of LLR in a dynamic …
