Sentences with phrase «prevent financial panic»
In the 1850s and 1860s, following the bursting of speculative bubbles in the US and UK railroad sectors, it lent freely to institutions to prevent financial panic, as it did during the Barings crisis of the 1890s.
https://www.rba.gov.au/ Not exact matches
Its core role is to be the lender of last resort, providing banks with liquidity in order to prevent the bank failures and or panics in the financial services sector.