Download the app
educalingo
Search

Meaning of "lender of last resort" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF LENDER OF LAST RESORT

lender of last resort play
facebooktwitterpinterestwhatsapp

GRAMMATICAL CATEGORY OF LENDER OF LAST RESORT

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Lender of last resort is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES LENDER OF LAST RESORT MEAN IN ENGLISH?

lender of last resort

Lender of last resort

The term lender of last resort originates from the French expression dernier ressort. While the concept itself had been used previously, the term, "lender of last resort", was supposedly first used in its current context by Sir Francis Baring in his Observations on the Establishment of the Bank of England which was published in 1797. In 1763 the king was the lender of last resort in Prussia. Different definitions of the lender of last resort exist in the literature. A comprehensive one is the following: "the discretionary provision of liquidity to a financial institution by the central bank in reaction to an adverse shock which causes an abnormal increase in demand for liquidity which cannot be met from an alternative source". This means that the central bank is the lender of last resort. The function has been performed by many central banks since the beginning of the 20th century. The goal is to prevent financial panics and bank runs spreading from one bank to the next due to a lack of liquidity.

Definition of lender of last resort in the English dictionary

The definition of lender of last resort in the dictionary is the central bank of a country with authority for controlling its banking system.

WORDS THAT BEGIN LIKE LENDER OF LAST RESORT

lend
lend a hand
lend an ear
lend itself
lend oneself
lend-lease
lendable
lender
lending
lending library
lending limit
lending policy
lending rate
Lendl
lenes
leng
Lenglen
length
length mark
lengthen

WORDS THAT END LIKE LENDER OF LAST RESORT

after a sort
assort
besort
consort
court of last resort
good sort
health resort
holiday resort
last resort
presort
prince consort
Q-sort
queen consort
resort
seaside resort
ski resort
skiing resort
sort
special sort
summer resort

Synonyms and antonyms of lender of last resort in the English dictionary of synonyms

SYNONYMS

Translation of «lender of last resort» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF LENDER OF LAST RESORT

Find out the translation of lender of last resort to 25 languages with our English multilingual translator.
The translations of lender of last resort from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «lender of last resort» in English.

Translator English - Chinese

最后贷款人
1,325 millions of speakers

Translator English - Spanish

prestamista de última instancia
570 millions of speakers

English

lender of last resort
510 millions of speakers

Translator English - Hindi

अंतिम उपाय के ऋणदाता
380 millions of speakers
ar

Translator English - Arabic

مقرض الملاذ الأخير
280 millions of speakers

Translator English - Russian

кредитором последней инстанции
278 millions of speakers

Translator English - Portuguese

emprestador de última instância
270 millions of speakers

Translator English - Bengali

শেষ অবলম্বন এর ঋণদাতা
260 millions of speakers

Translator English - French

prêteur en dernier ressort
220 millions of speakers

Translator English - Malay

Pemberi pinjaman terakhir
190 millions of speakers

Translator English - German

Kreditgeber der letzten Instanz
180 millions of speakers

Translator English - Japanese

最後の貸手
130 millions of speakers

Translator English - Korean

최후 의 대출
85 millions of speakers

Translator English - Javanese

Tiyang ingkang nyukani ampilan ngantos dangu
85 millions of speakers
vi

Translator English - Vietnamese

cho vay cuối cùng
80 millions of speakers

Translator English - Tamil

கடைசி ரிசார்ட்டின் கடன்
75 millions of speakers

Translator English - Marathi

अंतिम रिसॉर्ट देणारा
75 millions of speakers

Translator English - Turkish

Son başvuranın borç vermesi
70 millions of speakers

Translator English - Italian

prestatore di ultima istanza
65 millions of speakers

Translator English - Polish

pożyczkodawcy ostatniej instancji
50 millions of speakers

Translator English - Ukrainian

кредитором останньої інстанції
40 millions of speakers

Translator English - Romanian

creditor de ultimă instanță
30 millions of speakers
el

Translator English - Greek

δανειστή της έσχατης
15 millions of speakers
af

Translator English - Afrikaans

uitlener in laaste instansie
14 millions of speakers
sv

Translator English - Swedish

lender of last resort
10 millions of speakers
no

Translator English - Norwegian

långiver i siste instans
5 millions of speakers

Trends of use of lender of last resort

TRENDS

TENDENCIES OF USE OF THE TERM «LENDER OF LAST RESORT»

The term «lender of last resort» is regularly used and occupies the 100.222 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
53
/100
The map shown above gives the frequency of use of the term «lender of last resort» in the different countries.
Principal search tendencies and common uses of lender of last resort
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «lender of last resort».

FREQUENCY OF USE OF THE TERM «LENDER OF LAST RESORT» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «lender of last resort» during the past 500 years. Its implementation is based on analysing how often the term «lender of last resort» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about lender of last resort

EXAMPLES

10 ENGLISH BOOKS RELATING TO «LENDER OF LAST RESORT»

Discover the use of lender of last resort in the following bibliographical selection. Books relating to lender of last resort and brief extracts from same to provide context of its use in English literature.
1
The Lender of Last Resort in the European Single Financial ...
This paper examines challenges in effectively implementing the lender-of-last-resort function in the EU single financial market.
Pedro Gustavo Teixeira, Garry J. Schinasi, 2006
2
A Model of the Lender of Last Resort
There have been few formal models seeking to explain and to analyze how and why central banks have provided lender of last resort (LOLR) services to individual commercial banks, even though such acts have been a regular, albeit often ...
Haizhou Huang, C. A. E. Goodhart, 1999
3
The New Lombard Street: How the Fed Became the Dealer of ...
In The New Lombard Street, Mehrling persuasively argues for a return to the classic central bankers' "money view," which looks to the money market to assess risk and restore faith in our financial system.
Perry Mehrling, 2010
4
The Lender of Last Resort
The capacity of national central banks to step in and bail out an economy is one which has proved to be very important over the years. This collection from Wood and Capie brings together important literature for the first time in book form.
Forrest Capie, Geoffrey E. Wood, 2006
5
The International Lender of Last Resort: How Large is Large ...
This paper considers how an international lender of last resort (LOLR) can prevent self-fulfilling banking and currency crises in emerging economies.
Olivier Jeanne, Charles Wyplosz, 2001
6
A Simple Model of an International Lender of Last Resort
This paper develops a simple model of an international lender of last resort (ILOLR). the world economy consists of many open economies, each with a banking system and a central bank operating under a pegged exchange rate regime. the ...
Haizhou Huang, C. A. E. Goodhart, 2000
7
The Lender of Last Resort Function Under a Currency Board: ...
The role of a central bank as the lender of last resort for financial institutions has a long history. The evolution of dominant commercial banks, such as the Bank of England and other European commercial banks, from private institutions to ...
‎1996
8
The World's New Financial Landscape: Challenges for Economic ...
cause politicians and their family members are often the actual owners of financial institutions. An international lender of last resort is particularly well suited to encourage adoption of the above measures to limit moral hazard because it has so ...
Horst Siebert, 2001
9
Manias, Panics and Crashes: A History of Financial Crises, ...
Manias, Panics and Crashes, Sixth Edition is a vivid and entertaining account of the way that mismanagement of money and credit has led to financial explosions over the centuries.
Charles P. Kindleberger, Robert Z. Aliber, 2011
10
Laissez-Faire Banking
"Laissez-Faire Banking" is divided into three inter-related sections, dealing with the theory of free banking, historical experiences of it and present-day monetary and banking reforms based on free banking principles.
Kevin Dowd, 2013

10 NEWS ITEMS WHICH INCLUDE THE TERM «LENDER OF LAST RESORT»

Find out what the national and international press are talking about and how the term lender of last resort is used in the context of the following news items.
1
Chris Johns: Europe is incapable of taking the steps it clearly needs to
... rediscovered its proper mandate, unlike the ECB which has been widely criticised for its inability to act as a proper lender of last resort. «Irish Times, Jul 15»
2
A Tightrope for Europe's Central Bank Chief - The New York Times
One misapprehension is that the E.C.B.'s job is to act as a lender of last resort to banks in all circumstances. No central bank operates in that ... «New York Times, Jul 15»
3
Stanley Fischer defends Fed's role as lender of last resort - FT.com
Stanley Fischer has launched a robust defence of the Federal Reserve's lender of last resort functions amid attempts by some lawmakers to ... «Financial Times, Jul 15»
4
Glenn Hutchins | Why the Fed Works - Foreign Affairs
A third proposal would restrict the Fed's capacity to be the lender of last resort in a financial crisis. A fourth would single out the New York Fed ... «Foreign Affairs, Jul 15»
5
John G. Bestman Is Dead Wrong; Mills Jones Engages In …
A central bank has been described as "the lender of last resort", which means that it is responsible for providing its economy with funds when ... «Perspective, Jul 15»
6
'Audit' the Fed and you blunt our best economic tool
... has called the Fed's “most essential power” — its ability, in a crisis, to act as lender of last resort. A significant step was taken in this direction ... «Financial Times, Jul 15»
7
Greek crisis is shaking the IMF to its core
It's a picture of fraction and impotence that could do lasting damage to an organisation that has been the world's lender of last resort for 70 ... «Citifmonline, Jul 15»
8
ECB puts in place secret credit lines with Bulgaria and Romania
... national central banks from doing anything “hastily” and to reassure them that the ECB would be the lender of last resort if the Greek offshoots ... «Financial Times, Jul 15»
9
Why the eurozone can't break free from crisis
The ECB has received some flack during this recent episode for failing to support Greek banks sufficiently in its role as 'lender of last resort'. «Business Spectator, Jul 15»
10
Farmers offer feedback for feds
“We used to be known as the lender of last resort, but I prefer to think of us as the first lender of first opportunity,” he said. At the end of the ... «Hopkinsville Kentucky New Era, Jul 15»

REFERENCE
« EDUCALINGO. Lender of last resort [online]. Available <https://educalingo.com/en/dic-en/lender-of-last-resort>. Apr 2024 ».
Download the educalingo app
en
English dictionary
Discover all that is hidden in the words on
index
a b c d e f g h i j k l m n o p q r s t u v w x y z