lender of last resort (LLR)
Central bank’s role and involvement in bank regulation: Lender of last resort arrangements and the Special Resolution Regime (SRR)
... as lender of last resort and supervisor constitutes a controversial ...the LLR role effectively, it is also susceptible to regulatory ...
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Liquidity, Risk Taking, and the Lender of Last Resort
... the lender of last resort (LLR) was put forward by Bagehot (1873, 96–7): “Nothing, therefore, can be more certain than that the Bank of England ...the LLR has disagreed on whether the ...
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Financial Crisis Management in Emerging Countries: Optimal Level of International Reserves and Ex Ante Conditions for an International Lender of Last Resort Intervention
... the last decades, we have noticed a significant recovery of international reserves held by emerging markets, especially in ...of Last Resort, a role played nowadays by the International Monetary Fund ...
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How did the ECB save the Eurozone without spending a single euro?
... its lender of last resort (LOLR) role via the Outright Money Transaction (OMT) programme albeit only for those Eurozone countries who would be eligible for European Stability Mechanism funding; that ...
6
Central bank’s role and involvement in bank regulation: Lender of last resort arrangements and the Special Resolution Regime (SRR)
... bridge bank, and c) transfer to temporary public ownership. Further, „the Act provides that three stabilisation tools are available to the authorities in respect of the securities and property (business) transferred or ...
20
The first global financial crisis of the 21st century: Part II, June December, 2008
... Wyplosz contrasted the “Larry Summers” approach, keeping investors from taking flight, with the “Willem Buiter” approach to making investors stomach the risks they knew they were taking. de la Dehesa alerted us to the ...
289
A European Deposit Insurance and Resolution Fund. CEPS Working Document No. 364, 10 May 2012
... A further question is where to place the new European Deposit Insurance and Resolution Authority in the institutional architecture? Beck et al. (2012) suggest that a stand-alone deposit insurer will be tougher on ...
15
Only a more active ECB can solve the euro crisis. CEPS Policy Brief No. 250, August 2011
... This should also be the design of the governance within the eurozone. The ECB would assume the responsibility of lender of last resort in the sovereign bond markets. A different and independent ...
8
Asymmetric shocks on its head and lender of last resort theories of optimal currency areas
... How would membership of a wider currency union, especially of a currency union whose currency is a global reserve currency, make a difference? It would not make any difference if the problem of the banks had been one of ...
12
The First Global Financial Crisis of the 21st Century
... the lender of last resort facility outside the realm of traditional banks to entities, like Bear Stearns, that they do not supervise and, therefore, over which they do not have first hand ...
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Employer of Last Resort Policy and Feminist Economics: Social Provisioning and Socialization of Investment
... Keynes’s conclusion for socialization of investment underlines Hyman Minsky’s ELR proposal. It is not a coincidence that Minsky, who is most famous for his work on financial instability in the USA was deeply interested ...
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Trends in antimicrobial resistance of bacterial pathogens in Harare, Zimbabwe, 2012–2017: a secondary dataset analysis
... Results: A total of 23,432 isolates, of 12 medically important bacteria were analysed. Forty-three percent of the isolates were from urines, 36.7% were from pus swabs and 7% were from blood. The most common pathogen was ...
9
Employer of last resort: could it deliver full employment and price stability?
... Abstract : Proposals under the headings of employer of last resort (ELR) and job guarantee have been made under which jobs would be available to all at a basic wage. These schemes promise a combination of ...
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Pre trial detention as a measure of last resort: first national report on Ireland
... Until the 1990s, the use of pretrial detention in Ireland was limited. A critical moment in the history of pretrial detention in Ireland occurred in 1997, when a referendum was passed to amend the constitution in order ...
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The last resort?:staff and client perspectives on physical intervention
... The main discrepancy between staff and clients’ accounts was whether physical intervention methods were used as the last resort. There was confusion expressed about the actual techniques used by staff when ...
22
The Regional Benefits of the Employer of Last Resort Program
... The assumption now made is that a one dollar increase in income represents one dollar increase in final demand, to be divided among the given industries according to their weights given in the last three columns ...
16
'Between a Rock and a Hard Place' : Responses to Offending in Residential Childcare
... 20 Through such training, staff were equipped with a range of de-escalation strategies and techniques, which residential workers and house managers associated with their models of care. Care plans, baseline plans, and ...
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Banks as buyers of last resort for government bonds? CEPS Policy Insights No 2017/43, November 2017
... Finally, one has to distinguish between ex ante and ex post. When a bank has a large exposure to its home sovereign, it will be affected strongly when a new crisis starts, as the value of the bonds on its balance sheet ...
8
Using your ties to get a worse job? The differential effects of social networks on quality of employment in Colombia
... Some studies show that the advantages of weak ties are clear for high-skilled workers (Granovetter [1974] 1995; Sharone 2014). The three focus groups of high job quality workers highlight that a majority has used weak ...
31
Mechanisms of vancomycin resistance in Staphylococcus aureus
... the last isolate, JH9 (recovered just before the patient expired), and on the initial fully susceptible isolate JH1, and the rate of appearance of the total of 33 mutated genes identi- fied in JH9 was determined ...
6