San Tropez (song) San Tropez (song) "San Tropez" is the fourth track from the album "Meddle" by the band Pink Floyd. This song was one of several to be considered for the band's "best of" album, "". Unlike the other tracks on "Meddle", "San Tropez" was not written collaboratively; instead, Roger Waters wrote the piece himself and brought it into the studio already finished. It is the only track on "Meddle" not co-written by David Gilmour. This song is about a place called Saint-Tropez, a commune of the Var département in southern France located on the French Riviera. The song reflects an idealised
Lender of last resort the requisite institutions did not exist, or the authorities did not understand the proper actions to take. Most countries developed an effective LLR mechanism by the last one-third of the nineteenth century. The U.S. was the principal exception. Some public authority must provide the lender of last resort function... Such an authority does not have to be a central bank. This is evident from the experience of Canada and other countries." Wood compares the reaction of central banks to different crises in England, France, and Italy. When a lender of last resort existed, panics did not turn into crises. When