The Federal Reserve was set up in 1913 to act as lender of last resort.
And the guiding principle of China's activity as lender of last resort is mercantilism.
The first preserves a system to act as lender of last resort in the euro zone, say.
The attorney general's office said it would not prosecute the companies as long as Lender Processing Services fulfilled the agreement.
Acting as lender of last resort, the Austrian central bank increased the money supply by 20% virtually overnight.
Notably, it announced it would accept mortgage securities as collateral for loans — enlarging its role as lender of last resort.
The IMF's double role as lender and expert has led to absurd assessments by the Washington agency.
Add it all up, and Spanish institutions have exposure to more than €100 billion of empty plots, either as lender or owner.
One of its fundamental tasks is to serve as lender of last resort for banks that have trouble raising money on the open market.
Once Northern Rock ran into trouble, the Bank of England found it impossible to step in behind the scenes in its traditional role as lender of last resort.
Founded in 1974, it issues and regulates the national currency, the Omani rial, manages the government's accounts, and acts as lender of last resort.
