2010•SSRN Electronic JournalOpen access

The Lender of Last Resort: Liquidity Provision Versus the Possibility of Bail-Out

Sylvester C. W. Eijffinger, Rob Nijskens

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Key concepts: Bailout, Moral hazard, Market liquidity, Lender of last resort, Financial system, Monetary economics, Funding liquidity, Guard (computer science)

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