Results 1 - 1 of 1 for PRIME [Author: Alistair Milne]
Banking Crisis Solutions Old and New - Review
In 2007 Britain experienced its first run on a bank of any macroeconomic significance since 1866. This was not dealt with by the method that had maintained banking stability for so long: letting the bank fail but supplying abundant liquidity to the markets to prevent contagion.
research.stlouisfed.org/publications/review/2008/09/01/banking-crisis-solutions-old-and-new
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