National banking era - PowerPoint PPT Presentation

The Anatomy of a Financial Crisis: The Evolution of Runs in the Asset-Backed Commercial Paper Market

The Anatomy of a Financial Crisis: The Evolution of Runs in the Asset-Backed Commercial Paper Market. Daniel Covitz, Nellie Liang, and Gustavo Suarez* Federal Reserve Board San Francisco, January 2, 2009

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THE LENDER OF LAST RESORT Jean-Charles ROCHET (IDEI, Toulouse University, France)

THE LENDER OF LAST RESORT Jean-Charles ROCHET (IDEI, Toulouse University, France) Prepared for the conference “Banking Crisis Resolution-Theory and Policy” organized by the Bank of Norway, Oslo June 16-17th 2005. INTRODUCTION Impressive number of banking (and financial) crises in the last

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411 views • 27 slides

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