Browsing Arbeidsnotater / Working Papers by Subject "great depression"
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The Promise and Performance of the Federal Reserve as Lender of Last Resort 1914-1933
(Working Papers;1/2011, Working paper, 2011)This paper examines the origins and early performance of the Federal Reserve as lender of last resort. The Fed was established to overcome the problems of the National Banking era, in particular an “inelastic” currency and ...