Browsing Norges Banks vitenarkiv by Author "Bignon, Vincent"

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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 ...