Re: Emergency Liquidity Assistance in the euro area

[Skip to the end] Very interesting. Seems the ECB can use this facility to ‘replace’ lost deposits of any bank, which would seem to remove the ‘bank run’ risk. However, it is supposed to be only for very short term liquidity needs. >    >   On Wed, Dec 3, 2008 at 2:54 AM, Dave wrote: >    >   Not sure if any of [...]