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the Bank's proper role in a crisis as the 'lender of last resort', to lend...
Author:
Niall Ferguson
Book:
The Ascent of Money: A
Viewed:
66 -
Published at:
3 years ago
the Bank's proper role in a crisis as the 'lender of last resort', to lend freely, albeit at a penalty rate, to combat liquidity crises.42"
( Niall Ferguson )
[ The Ascent of Money: A ]
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