从美联储应对金融危机的救助实践看最后贷款人制度的深刻变化

摘要

The Fed innovated the tools and practices of lender of last resort in financial crisis which broke out in 2008, in particular, the introduction and implementation of accommodative easing monetary policy prompted the lender of last resort try to reach a new level to safeguard the financial stability. As one of the largest central banks in the world, the Fed mapped out many measures, which would change the perception of theories and regulations about the lenders of last resort, therefore, standing as a role model for other central banks to follow.%关联储在化解2008年以来的全球金融危机中，创新了最后贷款人的工具和做法，使最后贷款人维护金融稳定的作用达到一个全新的境地，其救助的做法和措施，在今后一定程度上将改变人们对最后贷款人理论和规则的认识。可能会对全世界其他国家中央银行承担最后贷款人职责有着重要启示。