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What is a lender of last resort?

Posted on March 2, 2017 by admin

1. What is a lender of last resort? How is being a lender of last resort connected to the too-bigto-fail policy?
2. Briefly define each of the following:
a. Regulation Q
b. Disintermediation
c. Basel accord
d. Tier 1 capital and Tier 2 capita