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Discontokrediet

The searches yielded good results. I can use:

  1. For History/Origin:
    • Bank of England: "The London discount market: some historical notes"15 - This provides excellent historical context for the origins of bill discounting and discount houses.
    • Federal Reserve Bank of Richmond: "The Discount Window"14 - Explains the historical shift from "discounts" to "advances" at the Fed's discount window, which is directly relevant to "Discontokrediet".
  2. For Practical Applications / Central Bank Role:
    • Federal Reserve Bank of St. Louis FRASER: "Evolution of the Role and Functioning of the Discount Mechanism"13 - Discusses the discount window's role in monetary policy.
    • Federal Reserve Bank of New York: "The Commercial Paper Funding Facility"12 - Discusses the Fed's intervention in the commercial paper market during crises, showing a real-world application of discount mechanisms.
    • Bank of England: "Further details about wholesale - discount data"11 - Discusses Bank of England's use of discount houses for liquidity.
  3. For Limitations/Critique:
    • Liberty Street Economics (Federal Reserve Bank of New York): "History of Discount Window Stigma"10 - This is a good source for the limitations/stigma associated with borrowing from the discount window.

Let's pick 4 strong, unique external links from different domains.

  1. Origin/History: "The London discount market: some historical notes" from Bank of England9.
  2. Central Bank Application/Evolution: "The Discount Window" from Federal Reserve Bank of Richmond8. This specifically mentions "discounts" being the original form.
  3. Modern Application/Intervention: "The Commercial Paper Funding Facility" from Federal Reserve Bank of New York7.
  4. Limitations: "History of Discount Window Stigma" from Liberty Street Economics (Federal Reserve Bank of New York)6. This is a good academic/research piece from a Fed source.

Confirming the uniqueness of domains:

  1. Bank of England (bankofengland.co.uk)
  2. Federal Reserve Bank of Richmond (richmondfed.org)
  3. Federal Reserve Bank of New York (newyorkfed.org) - While this is a Fed entity, Liberty Street Economics is its blog, often used for research, and provides a distinct perspective on "stigma." I could also look for a non-Fed source if needed, but this one is good. Let's see if I can find another non-Fed academic/news source for a critique to diversify.

Let's try one more search for criticism of discount mechanisms, perhaps from a financial news outlet or academic journal (not Fed).
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