Federal Reserve as Lender of Last Resort – In Pictures |
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Federal Reserve as Lender of Last Resort – In Pictures The central bank is the lender of last resort – Well, we have watched the Fed in this role for the past thirteen months. A more dramatic illustration of this role is visible in charts 1-4. Chart 1 shows a 33% jump in the balance sheet of the bank in a matter of four weeks. The Fed is using all resources at its disposable to ease the credit crunch and calm financial markets. Discount window borrowing (also known as primary credit to banks)
Filed under: Fundamental
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