Prudential Policy

This paper studies the rationale behind prudential policies in the banking sector. The main components of these prudential policies are deposit insurance, solvency regulations, and emergency liquidity assistance by the central bank, acting as a lender of last resort. We discuss the institutional arrangements that are necessary to limit the frequency and extent of individual bank failures as well as those of systemic banking crises.

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Year of publication:	2005
Authors:	Rochet, Jean-Charles
Published in:	Monetary and Economic Studies. - Institute for Monetary and Economic Studies. - Vol. 23.2005, S1, p. 93-119
Publisher:	Institute for Monetary and Economic Studies

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	E58 - Central Banks and Their Policies ; G21 - Banks; Other Depository Institutions; Mortgages ; G28 - Government Policy and Regulation ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004978208