 | From Lombard Street to Avenida Paulista : Foreign Exchange Liquidity Easing in Brazil in Response to the Global Shock of 2008–09 Author/Editor: Mark R. Stone, W. Christopher Walker, Yosuke Yasui. Release Date:November, 2009 The provision of foreign exchange liquidity by emerging market central banks during the global shock of 2008-09 departs from the domestic liquidity lender of last resort role described by Bagehot in more...
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