Crisis management and lender of last resort in the European banking market

Autor: Boot, A.W.A., Marinč, M., Alessandrini, P., Fratianni, M., Zazzaro, A.
Přispěvatelé: Amsterdam Center for Law and Economics (FdR, FEB), ABS Other Research (FEB), Finance (ABS, FEB)
Jazyk: angličtina
Rok vydání: 2009
Předmět:
Zdroj: The changing geography of banking and finance, 233-250
STARTPAGE=233;ENDPAGE=250;TITLE=The changing geography of banking and finance
The Changing Geography of Banking and Finance ISBN: 9780387980775
Popis: We discuss some key issues related to supervisory arrangements in the Euro-system countries. In particular, we address the lender of last resort (LOLR) structure and the related crisis management framework. We focus on the responsibilities and powers of individual countries (and national central banks) vis-à-vis those at the European level (EU and ECB). In this context, various issues will be raised relating to the effectiveness and efficiency of the arrangements and, specifically, the role and positioning of the LOLR in light of the fragmented supervisory structure. We will discuss potential paths forward.
Databáze: OpenAIRE