who is the lender of last resort in the us
Lender of last resort A lender of last resort (LOLR) is the lender (provider of liquidity), which since the beginning of the 20th century has usually been a central bank, that supplies liquidity to a financial institution or to the financial market in general when it is lacking. The goal is to prevent financial panics and bank runs spreading from one bank to the next from a lack of liquidity. Different definitions of the lender of last resort exist in the literature. A comprehensive one is the following: "the discretionary provision of liquidity to a financial institution (or the market as a whole) by the central bank in reaction to an adverse shock which causes an abnormal increase in demand for liquidity which cannot be met from an alternative source".[1]
The Last of Us Remastered The Last of Us Remastered is an action-adventure survival horror video game developed by Naughty Dog and published by Sony Computer Entertainment. An enhanced port of 2013's The Last of Us, Remastered was released for the PlayStation 4 worldwide in July 2014.[a] Among minor gameplay additions, the game features enhanced graphics and rendering upgrades including increased draw distance, an upgraded combat mechanic and higher frame rate. It also includes the downloadable content episode Left Behind.