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.

In particular, they did not see the Fed as a 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.

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 .

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.

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

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

As the last little Indian, has to be.

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.

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.

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.

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

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.

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

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.

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

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.

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.

The latter also became the 38th Governor of California.

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.

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.

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.

No Safe Havens for Dirty Money

Proponents of the single currency object that if Europe has separate national currencies, it will have separate banking systems, each with its own lender of last resort.

The longer that European authorities postpone the introduction of Eurobonds, an effective banking and fiscal union, and lender of last resort status for the ECB, the longer the crisis will last.