Allocating Bank Regulatory Powers: Lender of Last Resort, Deposit Insurance and Supervision

Allocating Bank Regulatory Powers: Lender of Last Resort, Deposit Insurance and Supervision

Bank regulation in most countries encompasses a lender of last resort, deposit insurance and supervision. These functions are interrelated and therefore require coordination among the authorities responsible for them. These authorities, however, are often established with different mandates, some of which are likely to be in conflict.

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