Construct · 1 fields · 1 citations

Bagehot's rule: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
Bagehot'srule1 CONSTRUCTBagehot's ruleROCHET · FINANCIAL AND

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Financial and monetary economics

the doctrine that in a panic a central bank should lend freely to solvent banks against good collateral at a penalty rate.

In financial and monetary economics, Bagehot's rule refers to the doctrine that in a panic a central bank should lend freely to solvent banks against good collateral at a penalty rate. This meaning comes from Rochet (2004) in Journal of the European Economic Association.[1]

Unit
Recovery means
Measured by

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Nearby constructs

association4 fields · 4 citationsjingle · one word, four constructsbank1 fields · 1 citationsanchor · a standalone constructcollateral3 fields · 3 citationsjingle · one word, three constructs

References

  1. Rochet, J., & Vives, X. (2004). Coordination Failures and the Lender of Last Resort: Was Bagehot Right after All? Journal of the European Economic Association, 2(6), 1116-1147. https://doi.org/10.1162/1542476042813850

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