Browsing Norges Banks vitenarkiv by Author "Flandreau, Marc"

Now showing items 1-2 of 2

Bagehot for Beginners: The Making of Lending of Last Resort Operations in the Mid-19th Century

Bignon, Vincent; Flandreau, Marc; Ugolini, Stefano (Working Papers;22/2009, Working paper, 2009)

In this paper we survey the development of lending of last resort operations in the mid-19th century. We identify and document critical dimensions of the extension of lending of last resort functions, and also develop ...
Where It All Began: Lending of Last Resort and the Bank of England During the Overend-Gurney Panic of 1866

Flandreau, Marc; Ugolini, Stefano (Working Papers;3/2011, Working paper, 2011)

The National Monetary Commission was deeply concerned with importing best practice. One important focus was the connection between the money market and international trade. It was said that Britain’s lead in the market for ...