Sentences with phrase «maker of last resort»

Central banks have not been doing the job of market maker of last resort effectively, indeed they have barely been doing it at all.

In its discount window operations during crisis times, that is, when acting as lender of last resort to some institution or IPC, the central bank will also often have to act as market maker of last resort because it will have to value financial instruments for which no meaningful market price is available.

The market maker of last resort function can be fulfilled in two ways.

Because of the birth parent - child connection, the birth parent should be the decision maker of last resort for their biological child, as long as the decision around that child protects the emotional and physical safety of everyone else in the family.