Money, banking and the macro-economy - A modern financial system - Governance arrangements: banks, central bank and government
4 important questions on Money, banking and the macro-economy - A modern financial system - Governance arrangements: banks, central bank and government
Describe the responsibility of the central bank when its comes to dealing with liquidity and solvency problems.
2. It is the lender of last resort to the government.
What is the government responsible for in the banking system?
Explain the role of the central bank as lender of last resort to the government
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How is a well-functioning governance system characterized?
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