6 How central banks have assumed this LOLR function is a matter of historical debate. For the case of the Bank of England, see Anson et al. (2017) and Book (2019). 7 I have discussed Henry Thornton's contributions to developing the idea of price stability and the lender of last resort (Wakatabe 2022b).
4 5  3  has therefore decided that addressing this challenge is consistent with its mandate of maintaining price and financial system stability (Bank of Japan 2021; Wakatabe 2021, section II. A.).