Retrieving "Systemic Events" from the archives

Cross-reference notes under review

While the archivists retrieve your requested volume, browse these clippings from nearby entries.

1. Central Banks

   Linked via "systemic events"

   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…