Crisis Management and Resolution for a European Banking System

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Price:  $18.00

Author/Editor: Alessandro Giustiniani, Wim Fonteyne, Wouter Bossu, Alessandro Gullo, Seán Kerr, Daniel C. L. Hardy, Luis Cortavarria-Checkley
Release Date: © March, 2010
ISBN : 978-1-45198-269-5
Stock #: WPIEA2010070
English
Stock Status: Available

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Description

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.




More publications in this series: Working Papers


More publications by: Alessandro Giustiniani ; Wim Fonteyne ; Wouter Bossu ; Alessandro Gullo ; Seán Kerr ; Daniel C. L. Hardy ; Luis Cortavarria-Checkley