EU financial safety nets are social contracts that assign uncertain benefits and burdens to taxpayers in different member countries. To help national officials to assess their taxpayers' exposures to loss from partner countries, this paper develops a way to estimate how well markets and...

Polish Abstract: Globalny kryzys finansowy obnażył wiele słabości w zakresie systemu regulacji i nadzoru w sieci bezpieczeństwa finansowego. Każda z instytucji ją tworzących stanęła przed wyzwaniem skutecznego nie tylko zapobiegania, ale i zarządzania kryzysem o transgranicznym...

EU financial safety nets are social contracts that assign uncertain benefits and burdens to taxpayers in different member countries. To help national officials to assess their taxpayers' exposures to loss from partner countries, this paper develops a way to estimate how well markets and...