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at the expense of taxpayers: the merger-bailout has increased Switzerland’s sovereign credit risk, resulting in an …
Persistent link: https://www.econbiz.de/10014349670
The paper provides the IMF staff views on policy options to mitigate the risks posed by institutions perceived as too-important-to-fail (“TITF"). These institutions have become bigger and more complex since the crisis, and risky practices have started to reappear. The paper emphasizes the need...
Persistent link: https://www.econbiz.de/10013124367
We set out a stylised framework for the policies enacted to address the risks posed by systemically important institutions (SIIs) and to counter the too-big-to-fail (TBTF) problem, examining conceptually how far supervisory and resolution policies are complementary or substitutable. The...
Persistent link: https://www.econbiz.de/10015071011
This paper examines the negative externalities that may occur when a large bank fails, describes the nature of those … directed first at closing institutions promptly, reforming bankruptcy statutes to admit special procedures for handling bank …
Persistent link: https://www.econbiz.de/10003730539
In this paper, I suggest that the regulation of the financial system, especially if the aim is to prevent financial crises, should be focused on dealing with the consequences of the crises, not on trying to avoid their causes, although it may seem counterintuitive at first sight. Contrary to the...
Persistent link: https://www.econbiz.de/10013061343
Persistent link: https://www.econbiz.de/10011877744
Persistent link: https://www.econbiz.de/10013159841
Based on a review of international and regional responses to the global financial and economic crisis and its implications for finance in Asia, Douglas Arner and Lotte Schou-Zibell draw lessons for Asian financial systems with regard to the scope of regulation; financial standards; supervision,...
Persistent link: https://www.econbiz.de/10011283429
effective approaches in tackling bank solvency during a systemic crisis. One of the most common and also effective methods has … results for the taxpayer. Contemporary consensus as regards tackling bank solvency during a systemic financial crisis focuses … dogmatic focus on preventing public financial support in the context of a systemic bank solvency crisis may place …
Persistent link: https://www.econbiz.de/10012826832
This paper investigates the complementarity between the different macroprudential policies to contain bank systemic … vary depending on the set of tools implemented, as well as bank’ size, TBTF, leverage, liquidity and concentration. Our …
Persistent link: https://www.econbiz.de/10013405283