Economic 1000 words essay

Also related to this topic of the Business Cycle, we have studied the role of the lender of last resort. Please refereeing to chapters 12 and 13 (Aliber & Kindleberger) explain:

  1. According to Bagehot: to whom, based on what, when and how much should a bank grant loans.
  2. What is the importance of Timing?

In chapter 13 we have explained the role of the international lender of last resort. Based on this chapter explain:

  1.  what is the idea behind the “beggar-thy-neighbor”
  2. What are the main difference between the national and international lender of last resort?

You can only use the materials that I uploaded in the attachment. You can’t use other sources like Google. You can directly cite from the materials but please leave the page number after every citation so I can find where you cited. Thank you 🙂

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