Retrieving "Collateral Asset" from the archives

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1. Central Banks

   Linked via "collateral"

   Lender of Last Resort (LLR) Function
   When systemic liquidity crises arise, central banks stand ready to lend to solvent but temporarily illiquid financial institutions. This function is critical for preventing cascading failures, as seen during systemic events [3]. In recent history, particularly following the 2008 global financial crisis, the scope of collateral acceptable for these emergency facilities broadened significantly. Notably, certain cent…