The Last Resource Frontier

That bully of last resort?

And what of the Constitution, That bully of last resort?

This is the doctrine of lender of last resort.

The Federal Reserve Board is no longer the lender of last resort, but the lender of first resort.

I adore simple pleasures. They're the last refuge of the complex.

Our current situation requires not a lender of last resort, but a spender of last resort, and that can only be governments.

The United States had become the world s consumer of last resort.

The central bank is the lender of last resort.

They should be considered treatments of last resort.

In particular, they did not see the Fed as a lender of last resort.

Only the retail subsidiaries would be permitted to rely on the central bank for lender of last resort support.

He said it was the last refuge of a scoundrel, sir. I'm sorry. I meant nothing personal.

But it does not have automatic access to a European lender of last resort.

Concrete proposals were made for IMF to be an effective lender of last resort .

Only central banks typically lenders of last resort lean against the hurricane strength winds.

It was not just Europe that benefited from China s willingness to take on the mantle of lender of last resort.

If the right to a remedy was not respected in practice, an international mechanism became the remedy of first, rather than last, resort.

Legislation or regulation aimed at restoring faith in the political class should be a last, not a first, resort.

But if the ECB takes over entirely the role of lender of last resort, it will ultimately become insolvent itself.

Traditionally, central banks have been the lenders of last resort, but now they are becoming the lenders of first and only resort.

The Caribbean Court of Justice (CCJ), (based in Port of Spain, Trinidad and Tobago), is the court of last resort (final jurisdiction) over Barbadian law.

Rather, the desire to protect US credibility has become the last refuge of those seeking yet another war in the wider Middle East.

The idea is that the US government would serve as buyer of last resort for the junk debt that the private sector has not been able to price.

The idea is that the US government will serve as buyer of last resort for the junk debt that the private sector has not been able to price.

The average American is less interested in being a global policeman, they're less interested in being the lender of last resort, they are less interested in leading and directing globalization.

The absence of global institutions acting as lender of last resort or serving up coordinated fiscal stimulus aggravated the crisis and delayed the recovery.

But this can work only as long as the US does not follow suit and continues to serve as consumer of last resort.

There was also concern about UNHCR being the funder of last resort in clusters where it has the lead and how this would be managed.

Anyone who's ever run a business knows that hiring more people is a course of last resort for capitalists.

Later, Maurice Obstfeld pointed out that, in addition to fiscal transfers, a currency union needs clearly defined rules for the lender of last resort.

All that has kept the much vaunted font of global capitalism from sliding into cataclysm is the US government, which has effectively become the guarantor and lender of last resort.

Obstfeld had in mind a bailout mechanism for banks, but it is now abundantly clear that one also needs a lender of last resort and a bankruptcy mechanism for states and municipalities.

(a) Statutory directions to judges to use prison as a sanction of last resort , that is, only when no community based alternative is appropriate

These problems can become particularly acute in an economy without an effective lender of last resort and or one that issues only domestically denominated debt.

More importantly, the ECB is de facto the lender of last resort, while foreign banking systems are sharply reducing their exposure to risks abroad.

But it will not be big enough to dispel convertibility risk and hence demonstrate the ECB s credibility as a lender of last resort.

It was strongly recommended that detention be an absolutely last resort, only resorted to when all other forms of diversion, education and other alternatives have failed.

Additionally, the central bank acts as lender of last resort to commercial banks considered too big to fail.

Specifically, the central bank must be ready to act as a lender of last resort when investor panic threatens financial markets.

Kazakhstan believes also that the decision to use force to safeguard international peace and security should be taken as a last resort and be based on reliable and objective information.

(d) Consider deprivation of liberty only as a measure of last resort and for the shortest possible period of time and encourage the use of alternative measures to the deprivation of liberty

A US in recession would no longer serve as the world s importer of last resort, which might send the rest of the world into recession as well.

The third was manufacturing investment elsewhere in the world predominantly in Asia as the US became the world economy s importer of last resort.

But Latin America and Asia will start to feel distress as well, as the decade long US role as the global economy s importer of last resort comes to an end.