
handle: 11089/7572
The aim of the article is to present the main features of the evolution of the Lender of Last Resort (LOLR) concept. Then the author depicts the institutional and operational framework of the LOLR function within the EU and EMU. There are many controversies about LOLR function, both in theoretical research and empirical verification. These controversies arise in the case of monetary integration.
Zadanie pt. „Digitalizacja i udostępnienie w Cyfrowym Repozytorium Uniwersytetu Łódzkiego kolekcji czasopism naukowych wydawanych przez Uniwersytet Łódzki” nr 885/P-DUN/2014 zostało dofinansowane ze środków MNiSW w ramach działalności upowszechniającej naukę
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