Lessons for rescuing a SIFI: The Banque de France’s 1889 ‘lifeboat’

Pierre-Cyrille Hautcoeur, Angelo Riva, Eugene N. White, 2 July 2014

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In the aftermath of the 2008 financial crisis, the Dodd-Frank Act of 2010 set out to limit the authority of the Federal Reserve to rescue insolvent financial institutions.

Topics: Economic history, Financial markets
Tags: bailout, bank runs, Banque de France, central banking, Central Banks, financial crises, lender of last resort, moral hazard, SIFIs

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