lender-of-last-resort

ECB officials, including President Mario Draghi, have steadfastly refused to extend that lender-of-last-resort role to governments.

Central Bank Keeps a Lid on Bond Buys Brian Blackstone 2011

The world economy is caught in a deepening financial crisis caused by excessive levels of debt, severe asset price bubbles and overextended banks—all imbalances that are the direct consequence of four decades of unprecedented fiat money creation, of artificially low interest rates and of "lender-of-last-resort" central banking.

Forty Years of Paper Money Detlev S. Schlichter 2011

The ECB has balked at extending its lender-of-last-resort role to governments, rebuffing government pleas that the ECB act as a backstop to struggling countries such as Greece and Italy by buying massive amounts of their debt.

ECB Considers Longer Bank Loans Brian Blackstone 2011

It also is providing substantial lender-of-last-resort funding to its banks.

Don't Bank on ECB Rescuing Italy Simon Nixon 2011

They say the ECB should adopt the role of lender-of-last-resort to euro-zone governments in order to convince investors it's safe to buy government bonds.

Turmoil Spreads in Europe Matt Phillips 2011

The single money is inevitably linked to a common central bank with lender-of-last-resort powers.

An Exit Strategy From the Euro Robert Barro 2012

Partly because of a 20th-century history in which rich, developed nations governed the IMF, while poorer, developing nations typically turned to it for help, the Fund is wrongly perceived as a lender-of-last-resort for basket cases.

With EMF, Europe Seeks To Reinvent The Wheel Michael Casey 2010

Partly because of a 20th-century history in which rich, developed nations governed the IMF, while poorer, developing nations typically turned to it for help, the Fund is wrongly perceived as a lender-of-last-resort for basket cases.

With EMF, Europe Seeks To Reinvent The Wheel Michael Casey 2010

Partly because of a 20th-century history in which rich, developed nations governed the IMF, while poorer, developing nations typically turned to it for help, the Fund is wrongly perceived as a lender-of-last-resort for basket cases.

With EMF, Europe Seeks To Reinvent The Wheel Michael Casey 2010

That meant banks with access to deposit insurance and lender-of-last-resort support pursued high-risk activities that resembled gambling more closely than banking.

Bust Up the Banks 2010