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December 23, 2004

Bank of Canada Lender-of-Last-Resort Policies

Financial System Review - December 2004

The Bank of Canada has distinct roles as a lender of last resort. This article outlines how and under what circumstances the Bank can routinely provide liquidity to facilitate payment settlement, as well as the various ways it can respond in more exceptional situations.
Content Type(s): Publications, Financial System Review articles Topic(s): Financial stability, Lender of last resort, Payment clearing and settlement systems
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