Lender of last resort policy: What reforms are necessary?

B-Tier
Journal: Journal of Financial Intermediation
Year: 2010
Volume: 19
Issue: 2
Pages: 188-206

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The Northern Rock bailout has raised concerns about the ability of current supervisory arrangements to deal with banking crises. This paper uses a formal model of a lender of last resort to derive policy implications regarding the optimal allocation of decision-making authority. Thereby, it contributes to the policy debate in the United Kingdom by proposing reforms to the current supervisory arrangements.

Technical Details

RePEc Handle
repec:eee:jfinin:v:19:y:2010:i:2:p:188-206
Journal Field
Finance
Author Count
1
Added to Database
2026-01-29