Discuss whether regulations in addition to a lender of the last resort are needed for the efficient operation of the financial system.

Interbank Contagion during the Depression https://voxeu.org/article/interbank-contagion-during-depression After reading the case study material “Interbank Contagion during the Depression and its implications for Regulation today” answer the following questions: 1. Drawing on the details in case study material, explain how interbank connections can affect the exposure of individual banks and the banking system to liquidity risk. 2. […]