LOLR

(redirected from Lender of last resort)
Also found in: Dictionary, Financial, Wikipedia.
AcronymDefinition
LOLRLender of Last Resort
Copyright 1988-2018 AcronymFinder.com, All rights reserved.
References in periodicals archive ?
Some have suggested that an international institution such as the International Monetary Fund (IMF) should function as an international lender of last resort (Fischer 1999; Roubini and Setser 2004; Obstfeld 2009).
This configures a new role for the ECB as "hidden/modern lender of last resort" or, as referred to in some scholarly interventions as "intermediation of last resort".
There would be no government "insurance" of bank deposits, nor any government central bank acting as a "lender of last resort" (Hayek, 1990, pp.
France and Germany disagree about whether the ECB should act as lender of last resort and whether bonds should be issued by the whole of the eurozone instead of individual countries.
The euro was last up 1 percent against the dollar at 1.3600 , extending earlier gains on speculation that the ECB, which has so far refused to be the lender of last resort, would be willing to go through the IMF to help struggling countries.
Ironically, the only way to save the useless Euro is for Germany to allow the European Central Bank to become lender of last resort and flood Euroland with printed money.
EU officials continued to dither and pass the buck on how best to fight the worsening sovereign debt crisis.turn to page 10from page 1Three senior ECB policy-makers rebuffed pressure from investors and world leaders to intervene massively as a lender of last resort on bond markets to shield Italy and Spain from rapidly spreading financial contagion.
As its outgoing president, Jean-Claude Trichet, put it, the ECB has "only one needle on [its] compass, and that is inflation." The ECB's refusal to be a lender of last resort forced the creation of a surrogate institution, the European Financial Stability Mechanism.
The lack of a lender of last resort is seen as one of the nearly $1 trillion industry's greatest weaknesses, as few central banks issue liquidity instruments compliant with Islamic law, forcing Islamic banks to place their liquidity with large conventional banks.
Yousif said Oman's entry into Islamic finance was a positive development for the industry as was the creation of an Islamic megabank to serve as a lender of last resort for the market.
On the other hand, he argues, we should retain a central bank able and ready to act as a lender of last resort because it benefits the public by lowering the commercial banks' costs of intermediation.
"But once a country has come so far that it needs a lender of last resort, it cannot be too pleasant [a situation].