#international_lender_of_last_resort
International lender of last resort
International lender of last resort (ILLR) is a facility prepared to act when no other lender is capable or willing to lend in sufficient volume to provide or guarantee liquidity in order to avert a sovereign debt crisis or a systemic crisis. No effective international lender of last resort currently exists.
Fri 12th
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Lender of last resort International lender of last resort International monetary system List of systemically important banks East India Company British credit crisis of 1772–1773 Lombard Street: A Description of the Money Market Systemically important financial institution Adam Lerrick Bank of Mexico
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