Lender of last resort - Revision history

imported>Doug Williamson: Classify page.

2022-07-01T17:33:50Z

Classify page.

← Older revision		Revision as of 17:33, 1 July 2022
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	Accordingly, in principle, the central banks only lend against good security ([[collateral]]) and with a conservative [[haircut]].		Accordingly, in principle, the central banks only lend against good security ([[collateral]]) and with a conservative [[haircut]].


	In practice, liquidity shortage may force a bank to seek to dispose of assets, even at significant losses that erode its capital.		In practice, liquidity shortage may force a bank to seek to dispose of assets, even at significant losses that erode its capital.
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	* [[Financial stability]]		* [[Financial stability]]
	* [[Market maker of last resort]]		* [[Market maker of last resort]]

			[[Category:Accounting,_tax_and_regulation]]
			[[Category:The_business_context]]

imported>Doug Williamson: Add link.

2016-08-07T14:56:37Z

Add link.

← Older revision		Revision as of 14:56, 7 August 2016
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	* [[Emergency liquidity assistance]]		* [[Emergency liquidity assistance]]
	* [[Financial stability]]		* [[Financial stability]]
			* [[Market maker of last resort]]

imported>Doug Williamson: Add link.

2016-08-07T13:48:22Z

Add link.

← Older revision		Revision as of 13:48, 7 August 2016
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	* [[Central bank]]		* [[Central bank]]
	* [[Emergency liquidity assistance]]		* [[Emergency liquidity assistance]]
			* [[Financial stability]]

imported>Doug Williamson: Update.

2016-01-17T22:17:56Z

Update.

← Older revision		Revision as of 22:17, 17 January 2016
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	Lender of last resort activity is ~~more recently~~ often referred to as emergency liquidity assistance.		Lender of last resort activity is also often referred to as emergency liquidity assistance.

	The European Central Bank's scheme is called Emergency Liquidity Assistance (ELA), for example.		The European Central Bank's scheme is called Emergency Liquidity Assistance (ELA), for example.

imported>Doug Williamson: Link with Emergency liquidity assistance page.

2016-01-17T21:38:01Z

Link with Emergency liquidity assistance page.

← Older revision		Revision as of 21:38, 17 January 2016
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	== See also ==		== See also ==
	* [[Central bank]]		* [[Central bank]]
			* [[Emergency liquidity assistance]]

imported>Doug Williamson: Spacing; correct typo - apostrophe position; expand reference to financial system to add "as a whole".

2014-06-03T20:36:56Z

Spacing; correct typo - apostrophe position; expand reference to financial system to add "as a whole".

← Older revision		Revision as of 20:36, 3 June 2014
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	A concession given to a select number of financial institutions whereby their central bank agrees to provide them with funds if they should get into [[liquidity]] difficulties.		A concession given to a select number of financial institutions whereby their central bank agrees to provide them with funds if they should get into [[liquidity]] difficulties.

	The primary purpose of the activity by the central bank is stability of the financial system.		The primary purpose of the activity by the central bank is stability of the financial system as a whole.

	Secondarily, the purpose is stability of the particular institution affected.		Secondarily, the purpose is stability of the particular institution affected.


	Central banks generally avoid risk taking behaviour.		Central banks generally avoid risk taking behaviour.
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	Eventually the central bank may lend against less-good collateral and with less than its desired haircut on collateral valuation - until it won't, when the game is over and the story becomes one of [[resolution]].		Eventually the central bank may lend against less-good collateral and with less than its desired haircut on collateral valuation - until it won't, when the game is over and the story becomes one of [[resolution]].


	Lender of last resort activity is more recently often referred to as emergency liquidity assistance.		Lender of last resort activity is more recently often referred to as emergency liquidity assistance.

	The European Central ~~Banks~~' scheme is called Emergency Liquidity Assistance (ELA), for example.		The European Central Bank's scheme is called Emergency Liquidity Assistance (ELA), for example.


	== See also ==		== See also ==
	* [[Central bank]]		* [[Central bank]]

imported>Doug Williamson: Spacing and spelling correction 22/8/13

2013-08-22T11:41:40Z

Spacing and spelling correction 22/8/13

← Older revision		Revision as of 11:41, 22 August 2013
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	A concession given to a select number of financial institutions whereby their central bank agrees to provide them with funds if they should get into [[liquidity]] difficulties.		A concession given to a select number of financial institutions whereby their central bank agrees to provide them with funds if they should get into [[liquidity]] difficulties.

	The primary purpose of the activity by the central bank is stability of the financial system~~. Secondarily, the purpose is stability of the particular institution affected~~.		The primary purpose of the activity by the central bank is stability of the financial system.

	Central banks generally avoid risk taking behaviour. Accordingly, in principle, the central banks only lend against good security ([[collateral]]) and with a conservative [[haircut]]. In practice, liquidity shortage may force a bank to seek to dispose of assets, even at significant losses that erode its capital. Eventually the central bank may lend against less-good collateral and with less than its desired haircut on collateral valuation - until it won't, when the game is over and the story becomes one of [[resolution]].		Secondarily, the purpose is stability of the particular institution affected.

			Central banks generally avoid risk taking behaviour.

			Accordingly, in principle, the central banks only lend against good security ([[collateral]]) and with a conservative [[haircut]].

			In practice, liquidity shortage may force a bank to seek to dispose of assets, even at significant losses that erode its capital.

			Eventually the central bank may lend against less-good collateral and with less than its desired haircut on collateral valuation - until it won't, when the game is over and the story becomes one of [[resolution]].

			Lender of last resort activity is more recently often referred to as emergency liquidity assistance.

			The European Central Banks' scheme is called Emergency Liquidity Assistance (ELA), for example.

	~~Lender of last resort activity is more recently often referred to as emergency liquidity assistance. The Euroopean Central Banks' scheme is called Emergency Liquidity Assistance (ELA), for example.~~

	== See also ==		== See also ==
	* [[Central bank]]		* [[Central bank]]

imported>John Grout: To give ELA termnology

2013-08-03T11:38:40Z

To give ELA termnology

← Older revision		Revision as of 11:38, 3 August 2013
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	Central banks generally avoid risk taking behaviour. Accordingly, in principle, the central banks only lend against good security ([[collateral]]) and with a conservative [[haircut]]. In practice, liquidity shortage may force a bank to seek to dispose of assets, even at significant losses that erode its capital. Eventually the central bank may lend against less-good collateral and with less than its desired haircut on collateral valuation - until it won't, when the game is over and the story becomes one of [[resolution]].		Central banks generally avoid risk taking behaviour. Accordingly, in principle, the central banks only lend against good security ([[collateral]]) and with a conservative [[haircut]]. In practice, liquidity shortage may force a bank to seek to dispose of assets, even at significant losses that erode its capital. Eventually the central bank may lend against less-good collateral and with less than its desired haircut on collateral valuation - until it won't, when the game is over and the story becomes one of [[resolution]].

			Lender of last resort activity is more recently often referred to as emergency liquidity assistance. The Euroopean Central Banks' scheme is called Emergency Liquidity Assistance (ELA), for example.

	== See also ==		== See also ==
	* [[Central bank]]		* [[Central bank]]

imported>John Grout: To expand the glossary stub

2013-08-02T13:31:38Z

To expand the glossary stub

← Older revision		Revision as of 13:31, 2 August 2013
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			A concession given to a select number of financial institutions whereby their central bank agrees to provide them with funds if they should get into [[liquidity]] difficulties.

	~~A concession given to a select number~~ of financial ~~institutions whereby their~~ central bank ~~agrees~~ to ~~provide them~~ with ~~funds if they should get into difficulties~~.		The primary purpose of the activity by the central bank is stability of the financial system. Secondarily, the purpose is stability of the particular institution affected.

			Central banks generally avoid risk taking behaviour. Accordingly, in principle, the central banks only lend against good security ([[collateral]]) and with a conservative [[haircut]]. In practice, liquidity shortage may force a bank to seek to dispose of assets, even at significant losses that erode its capital. Eventually the central bank may lend against less-good collateral and with less than its desired haircut on collateral valuation - until it won't, when the game is over and the story becomes one of [[resolution]].

	== See also ==		== See also ==
	* [[Central bank]]		* [[Central bank]]

imported>Administrator: CSV import

2012-10-23T14:19:59Z

CSV import

New page

A concession given to a select number of financial institutions whereby their central bank agrees to provide them with funds if they should get into difficulties.

== See also ==
* [[Central bank]]