The Lender of Last Resort in the European Single Financial Market

Author/creator Teixeira, Pedro Gustavo Author
Other author Schinasi, Garry J. Author
Format Electronic
Publication InfoWashington : International Monetary Fund
Description67 p.
Supplemental ContentFull text available from Ebook Central - Academic Complete

Summary Annotation This paper examines challenges in effectively implementing the lender-of-last-resort function in the EU single financial market. Briefly highlighted are features of the EU financial landscape that could increase EU systemic financial risk. Briefly described are the complexities of the EU's financialstability architecture for preventing and resolving financial problems, including lender-of-last-resort operations. the paper examines how the lender-of-last-resort function might materialize during a systemic financial disturbance affecting more than one EU member state. the paper identifies challenges and possible ways of enhancing the effectiveness of the existing architecture.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9781451999365
ISBN1451999364 (E-Book) Active Record
Stock number00013468

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