Lenders of Last Resort

The ECB’s reluctance to act as lender of last resort is nominally a legal issue but primarily reflects the classic fear of monetising government debt…
Moral hazard will result from ECB bond buying, Otmar Issing, Financial Times, 30 Nov 2011
When should the ECB buy sovereign debt? Financial Times, 20 Nov 2011
An open letter to Dr Jens Weidmann VoxEU, 18 Nov 2011
Pulling for the home team, The Economist, 5 Nov 2011
The ECB’s Battle Against Central Banking, Brad Delong, Oct 2011
The future of the euro, Christopher Sims, Oct 2011
The European Central Bank as a lender of last resort, Paul De Grauwe, VoxEU, Aug 2011
The lender of last resort: a 21st century approach, ECB Working Paper No 298, Dec 2003