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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...

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Bibliographic Details
Main Author: Teixeira, Pedro Gustavo
Other Authors: Schinasi, Garry
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2006
Series:IMF Working Papers
Subjects:
Economic & Financial Crises & Disasters
Depository Institutions
Banks
Finance
Lender Of Last Resort
Industries: Financial Services
Financial Sector Stability
Banks And Banking
Financial Services
General Financial Markets: Government Policy And Regulation
Micro Finance Institutions
Financial Institutions And Services: Government Policy And Regulation
Mortgages
Systemic Risk
Financial Risk Management
Financial Services Industry
Banking
Finance: General
Belgium
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:23 pages
ISBN:9781451863871

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