Recent experience has provided a harsh reminder of the consequences of neglecting this responsibility. Specifically, the central bank must be ready to act as a lender of last resort when investor panic threatens financial markets.
此外，这意味着保护金融稳定。最近的经验充分表明了忽视这一责任的后果。具体而言，当恐慌威胁到金融市场时，央行必须时刻准备好作为最后贷款人。