The Federal Reserve and Lender-of-Last-Resort Policy

The Jepson School of Leadership Studies hosted the summer Institute for the Preservation of the Study of the History of Economics Adam Smith program June 19 – 22, 2009. As part of that program Thomas Humphrey (retired), Federal Reserve Bank, and Richard Timberlake, professor emeritus, University of Georgia, presented on “The Fed’s Deviation from Classical Thornton-Bagehot Lender-of-Last-Resort Policy.” June 19, 2009
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