Banking Law and Financial Regulation in Pakistan by Muhammad ... - 9781032765044

Banking Law and Financial Regulation in PakistanThe Role of Lender of Last Resort\nAuthor(s): Muhammad Hassan Idrees\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781032765044, 978-1032765044\nSynopsis\nThis book offers an analysis of the contemporary significance of the practice of Lender of Last Resort (LOLR) in Pakistan. Aiming to identify deficiencies in current financial system legislation, the book details the role of LOLR and its essential presence in establishing a resilient banking and financial system.\n\nBeginning with an assessment of the emergence of Central Banks as domestic financial regulators, the book draws from the principles of Walter Bagehot and Henry Thornton for LOLR rescue operations. Examining the International Monetary Funds (IMF) role as an international lender of last resort and scrutinising its rescue efforts, the book uses case studies of the Central Banks in the United Kingdom and the United State.