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Can a lender of last resort stabilize financial markets? : Lessons from the founding of the Fed
Bernstein, Asaf; Hughson, Eric; Weidenmier, Marc D. - 2008
Persistent link: https://www.econbiz.de/10003770634
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Identifying the effects of a lender of last resort on financial markets : lessons from the founding of the fed
Bernstein, Asaf; Hughson, Eric; Weidenmier, Marc D. - In: Journal of financial economics 98 (2010) 1, pp. 40-53
Persistent link: https://www.econbiz.de/10008702773
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Can a Lender of Last Resort Stabilize Financial Markets? Lessons from the Founding of the Fed
Bernstein, Asaf - 2008
We use the founding of the Federal Reserve as a historical experiment to provide some insight into whether a lender of last resort can stabilize financial markets. Following the Panic of 1907, Congress passed two measures that established a lender of last resort in the United States: (1) the...
Persistent link: https://www.econbiz.de/10012769641
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Can a Lender of Last Resort Stabilize Financial Markets? Lessons from the Founding of the Fed
Bernstein, Asaf - 2008
We use the founding of the Federal Reserve as a historical experiment to provide some insight into whether a lender of last resort can stabilize financial markets. Following the Panic of 1907, Congress passed two measures that established a lender of last resort in the United States: (1) the...
Persistent link: https://www.econbiz.de/10012464225