Documents 1 THE LENDER OF LAST RESORT Jean-Charles ROCHET (IDEI, Toulouse University, France) Prepared for the...

Slide 1 1 THE LENDER OF LAST RESORT Jean-Charles ROCHET (IDEI, Toulouse University, France) Prepared for the conference “Banking Crisis Resolution- Theory and Policy”…

Documents THE LENDER OF LAST RESORT Jean-Charles ROCHET (IDEI, Toulouse University, France)

THE LENDER OF LAST RESORT Jean-Charles ROCHET (IDEI, Toulouse University, France) Prepared for the conference “Banking Crisis Resolution-Theory and Policy” organized…

Documents Section 3: Safeguarding stability

Section 3: Safeguarding stability Chart 3.1 Asset prices and credit growth in the United Kingdom(a)(b)(c) Sources: Bank of England, Global Financial Data Inc., Halifax, Nationwide,…