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Discussion — Lecture 12: Lender/Dealer of Last Resort
Perry Mehrling's Money and Banking MOOC
Location:
Online
Type:
Other
YSI Presenters
Description
This session covers Lecture 12: Lender/Dealer of Last Resort
We can better understand how the central bank intervenes in the markets by first understanding the markets themselves. The lecture applies what we've learned so far to understanding how the 2008 crisis unfolded and how it was eventually contained. The shadow banking system collapsed onto the regular banking system, which was ultimately backstopped by the Fed.
The Fed went from being a lender of last resort (funding liquidity) to a dealer of last resort (market liquidity).
Hosted by Working Group(s):
Organizers
Attendees
Alex Howlett
Jim Bramlett
alison touhey
Eli Shapiro
Chris Rimmer
Durán Saldívar Mario
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