Lender-of-last-resort

    Papers & Opinions

    Banking | Central banking | Empirics

    Connected Lending of Last Resort

    Paper

    Posted on 9 February 2023

    By Kris Mitchener

    Because of secrecy, little is known about the political economy of central bank lending. Utilizing a novel, hand-collected historical daily dataset on loans to commercial banks, we analyze how personal...
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    Banking | Central banking | Empirics

    Can Competition Between Regulated and Unregulated Institutions Affect Financial Stability?

    Paper

    Posted on 2 July 2021

    By Eric Monnet

    In the paper "The Real Effects of Bank Runs. Evidence from the French Great Depression (1930-1931)" we study how competition between regulated and unregulated institutions can trigger financial instability and...
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