countries, central bank holdings of dollar reserves are significantly correlated with the dollar-denominated bank borrowing of … model in which the central bank can deal with private-sector mismatch, and the associated risk of a domestic financial … crisis, in two ways: (i) by imposing ex ante financial regulations such as bank capital requirements; or (ii) by building a …

responses : benign neglect, exhortation, and bank holidays -- The domestic lender of last resort -- The international lender of …

, Panics, and Crashes puts the turbulence of the financial world in perspective. Charles P. Kindleberger was the Ford Professor …