The Lender of Last Resort in the European Single Financial Market /

This paper examines challenges in effectively implementing the lender-of-last-resort function in the EU single financial market. Briefly highlighted are features of the EU financial landscape that could increase EU systemic financial risk. Briefly described are the complexities of the EU's fina...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Teixeira, Pedro Gustavo
Awduron Eraill: Schinasi, Garry
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2006.
Cyfres:IMF Working Papers; Working Paper ; No. 2006/127
Mynediad Ar-lein:Full text available on IMF
Disgrifiad
Crynodeb:This paper examines challenges in effectively implementing the lender-of-last-resort function in the EU single financial market. Briefly highlighted are features of the EU financial landscape that could increase EU systemic financial risk. Briefly described are the complexities of the EU's financialstability architecture for preventing and resolving financial problems, including lender-of-last-resort operations. The paper examines how the lender-of-last-resort function might materialize during a systemic financial disturbance affecting more than one EU member state. The paper identifies challenges and possible ways of enhancing the effectiveness of the existing architecture.
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Disgrifiad Corfforoll:1 online resource (23 pages)
Fformat:Mode of access: Internet
ISSN:1018-5941
Mynediad:Electronic access restricted to authorized BRAC University faculty, staff and students