What is a lender of last resort and what does it do

Reference no: EM131204771

What is a lender of last resort and what does it do? If a central bank acts as a lender of last resort under a fixed exchange rate regime, why are reserves at risk?

Reference no: EM131204771

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What is a lender of last resort and what does it do : What is a lender of last resort and what does it do? If a central bank acts as a lender of last resort under a fixed exchange rate regime, why are reserves at risk?

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