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Full-Text Articles in Economic Policy
How The Federal Reserve Aided The Peoples Bank Of China In Addressing Its 2015 Stock Market Crash, Alec Buchholtz
How The Federal Reserve Aided The Peoples Bank Of China In Addressing Its 2015 Stock Market Crash, Alec Buchholtz
Journal of Financial Crises
An insight into the July 2015 exchange between the Federal Reserve Board and the People's Bank of China (PBOC) discussing efforts to apply lessons from the 1987 "Black Monday" stock market crash to a similar crash that was occurring in China.
The Early Phases Of The Financial Crisis: Reflections On The Lender Of Last Resort, Timothy F. Geithner
The Early Phases Of The Financial Crisis: Reflections On The Lender Of Last Resort, Timothy F. Geithner
Journal of Financial Crises
This essay discusses the powers and limitations of the Federal Reserve’s role as Lender of Last Resort and how it deployed those powers during the financial crisis of 2007-2009. It considers the Fed’s authorities and the frameworks that it relied on in utilizing its powers to calm markets in turmoil and to assist specific financial institutions.