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The main objective of this paper is to rethink the use of market discipline for prudential purposes in light of lessons from the financial crisis. The paper develops the main building blocks of a market discipline framework, and argues for the need to take an expansive view of the concept. It...
Persistent link: https://www.econbiz.de/10011394521
Persistent link: https://www.econbiz.de/10003942101
This paper briefly reviews the causes and propagation mechanisms of the global financial crisis, and the types of policy responses that have been undertaken to date in order to mitigate its adverse effects. It subsequently examines the way that it has been transmitted to the Cypriot banking...
Persistent link: https://www.econbiz.de/10013158265
The immediate financial sector policy responses to the financial crisis - including emergency liquidity support, expansion of financial safety nets, and interventions in financial institutions - have succeeded in stemming widespread panic. But the effort has generally been insufficient and ad...
Persistent link: https://www.econbiz.de/10013158421
The main objective of this paper is to rethink the use of market discipline for prudential purposes in light of lessons from the financial crisis. The paper develops the main building blocks of a market discipline framework, and argues for the need to take an expansive view of the concept. It...
Persistent link: https://www.econbiz.de/10012976662
The main objective of this paper is to rethink the use of market discipline for prudential purposes in light of lessons from the financial crisis. The paper develops the main building blocks of a market discipline framework, and argues for the need to take an expansive view of the concept. It...
Persistent link: https://www.econbiz.de/10012551449
The immediate financial sector policy responses to the financial crisis, including emergency liquidity support, expansion of financial safety nets, and interventions in financial institutions, have succeeded in stemming widespread panic. But the effort has generally been insufficient and ad hoc....
Persistent link: https://www.econbiz.de/10012555344