Abstract
The second essay in this 4-part series discusses the lesson from the Bank of England’s recent experience, arguing that a lender of last resort is no substitute for a well-designed deposit insurance mechanism.
- Title
- Subprime Series, part 2: Deposit insurance and the lender of last resort
- Creators
- Stephen Cecchetti (Author) - Brandeis University, Brandeis International Business School
- Publication Details
- VoxEU
- Publisher
- VoxEU/CEPR
- Format
- online article
- Identifiers
- 9924116289101921
- Academic Unit
- Brandeis International Business School; Department of Economics
- Language
- English
- Resource Type
- Magazine article