Open Forum: Market maker of last resort presents host of issues for central banks

nemat-shafik
Minouche Shafik
Department for International Development

Acting as market maker of last resort throws up a host of issues for central banks, but in a crisis they might find their options are limited, panellists at the Bank of England's (BoE) Open Forum said today (November 11).

During the 2008 crisis the BoE acted as a market maker of last resort in sterling bond markets, when they showed signs of "dislocations", as BoE deputy governor Minouche Shafik put it during a panel session. It was an important market, showing unusual activity over an extended

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.