2014•SSRN Electronic JournalOpen access

Lessons from Bank of Japan's Experience During the Banking Crises of the 1990s and the New Dimension to LOLR Stemming from the Global Financial Crisis

Hiroshi Nakaso

Abstract

During the Japanese banking crisis of the 1990s, the Bank of Japan (BoJ) extensively exercised its lender of last resort (LOLR) function. Three main lessons emerge from this experience.Full publication: Re-Thinking the Lender of Last Resort

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Key concepts: Lender of last resort, Financial system, Financial crisis, Dimension (graph theory), Business, Economics, Central bank, Monetary economics

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