Crisis management and resolution for a European banking system /

Saved in:

Bibliographic Details
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2010.
Description:	1 online resource (98 pages).
Language:	English
Series:	IMF working paper, 1018-5941 ; WP/10/70 IMF working paper ; WP/10/70.
Subject:	European Union. European Union. Banks and banking -- European Union countries. Financial institutions -- European Union countries. Financial crises -- European Union countries. Crisis management -- European Union countries. Banks and banking. Crisis management. Financial crises. Financial institutions. European Union countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12495760

Hidden Bibliographic Details
Other authors / contributors:	Fonteyne, Wim. International Monetary Fund. European Department. International Monetary Fund. Legal Department. International Monetary Fund. Monetary and Capital Markets Department.
ISBN:	1451982690 9781451982695
Digital file characteristics:	data file
Notes:	Includes bibliographical references (pages 86-98).
Summary:	This paper proposes an integrated crisis management and resolution framework for the EU's single banking market. It comprises a European Resolution Authority (ERA), armed with the mandate and the tools to deal cost-effectively with failing systemic cross-border banks, and is designed to address many fundamental operational and incentive problems. It also seeks to reduce moral hazard and better protect countries against the risk of twin fiscal-financial crises by detaching banks from government budgets. The ERA would be most effective if it were twinned or combined with a European Deposit Insurance and Resolution Fund.
Standard no.:	10.5089/9781451982695.001

Similar Items