#MONEYTALKS: Episode 7 - Central Bank as The Lender of Last Resort

Geoffrey Wood (University of Buckingham and IIMR Academic Advisory Council) defines a key function of central banks in a banking crisis: the Bank as the lender of last resort of the banking sector. He also elaborates on how this function should be conducted to preserve financial stability and avoid moral hazard.

(Recorded at the IIMR premises at the University of Buckingham. Spring 2018)