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LENDER OF LAST RESORT

Lender of Last Resort

2008

This project has been developed around the notion of loan: first in its financial sense, but also in regard to the museological. Loan is perhaps best defined as an inter-temporal transfer of value through time. It is probably the oldest financial instrument, dating at least from the birth of writing. Some of the first ever written documents describe loans, in fact bad loans (default being the real reason why the record has remained).

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