From Lombard Street to Avenida Paulista.

The provision of foreign exchange liquidity by emerging market central banks during the global shock of 2008-09 departs from the domestic liquidity lender of last resort role described by Bagehot in his classic ""Lombard Street."" This paper documents and analyzes the foreign exc...

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Bibliographic Details
Online Access: Full text (MCPHS users only)
Main Author: Stone, Mark R.
Other Authors: Walker, W. Christopher, Yasui, Yosuke
Format: Electronic eBook
Language:English
Published: Washington : International Monetary Fund, 2009
Series:IMF Working Papers.
Subjects:
Local Note:ProQuest Ebook Central