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1–10 of 11 collapsed search results for lender

RBA Glossary definition for lender

lender – A person or institution which provides loans on agreed terms to borrowers.

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Theoretical Approaches to Lender-of-last-resort Policy

31 Dec 2001 RDP 2001-07
Bryan Fitz-Gibbon and Marianne Gizycki
A lender-of-last-resort facility, however, involves some costs, particularly moral hazard costs. ... Bagehot advocated that, in operating a lender-of-last-resort facility, a central bank should:.
https://www.rba.gov.au/publications/rdp/2001/2001-07/theoretical-approaches-to-lender-of-last-resort-policy.html

A History of Last-resort Lending and Other Support for Troubled Financial Institutions in Australia

1 Oct 2001 RDP 2001-07
Bryan Fitz-Gibbon and Marianne Gizycki
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2001/2001-07.html

A History of Last-Resort Lending and Other Support for Troubled Financial Institutions in Australia

1 Oct 2001 RDP 2001-07
Bryan Fitz-Gibbon and Marianne Gizycki
Research Discussion Paper – RDP 2001-07 A History of Last-Resort Lending and Other Support for Troubled Financial Institutions in Australia. Bryan Fitz-Gibbon and Marianne Gizycki. October 2001. 369. KB. The authors would like to thank Chay Fisher,
https://www.rba.gov.au/publications/rdp/2001/2001-07/

Introduction

31 Dec 2001 RDP 2001-07
Bryan Fitz-Gibbon and Marianne Gizycki
Lender-of-last-resort policy aims to counter the potential for market failure to cause solvent banks to fail due to liquidity constraints. ... By providing such protection, however, the lender of last resort risks undermining market discipline of banks'
https://www.rba.gov.au/publications/rdp/2001/2001-07/introduction.html

Conclusion

31 Dec 2001 RDP 2001-07
Bryan Fitz-Gibbon and Marianne Gizycki
Bagehot argued that a lender of last resort should clearly state its willingness to lend. ... troubled financial institutions is an important adjunct to the lender of last resort.
https://www.rba.gov.au/publications/rdp/2001/2001-07/conclusion.html

References

31 Dec 2001 RDP 2001-07
Bryan Fitz-Gibbon and Marianne Gizycki
Guttentag J and R Herring (1983), ‘The Lender of Last Resort Function in an International Context’, Princeton Essays in International Finance, No 151. ... Quinn B (1993), ‘Principles of Lender of Last Resort’, Central Banking, 3(4), pp 17–19.
https://www.rba.gov.au/publications/rdp/2001/2001-07/references.html

The Deregulated Era

31 Dec 2001 RDP 2001-07
Bryan Fitz-Gibbon and Marianne Gizycki
The Campbell Report also set out detailed recommendations for the conduct of lender-of-last-resort policy. ... Nevertheless, in principle, a lender-of-last-resort loan could be made to any institution supervised by APRA.
https://www.rba.gov.au/publications/rdp/2001/2001-07/deregulated-era.html

The 1970s

31 Dec 2001 RDP 2001-07
Bryan Fitz-Gibbon and Marianne Gizycki
not otherwise have been met by the market, the Reserve Bank was acting as lender of last resort.
https://www.rba.gov.au/publications/rdp/2001/2001-07/1970s.html

The 1930s Depression

31 Dec 2001 RDP 2001-07
Bryan Fitz-Gibbon and Marianne Gizycki
question’. 1931 was the first time the Commonwealth Bank was called upon to act as a lender of last resort. ... The failure of the NSW Government's guarantee to prevent the closure of the Government Savings Bank highlights the fact that a credible
https://www.rba.gov.au/publications/rdp/2001/2001-07/1930s-depression.html

The 1890s Depression

31 Dec 2001 RDP 2001-07
Bryan Fitz-Gibbon and Marianne Gizycki
Four main factors hindered the Associated Banks' ability to act as an effective lender of last resort: competition between banks, doubts about the fundamental solvency of those banks that suspended payment,
https://www.rba.gov.au/publications/rdp/2001/2001-07/1890s-depression.html