The Lender of Last Resortin the European Single Financial Market

The paper examines challenges in effectively implementing the lender-of-last-resort function in the EUsingle financial market. Briefly highlighted are features of the EU financial landscape that could increaseEU systemic financial risk. Briefly described are the complexities of the EU’s financial-stabilityarchitecture for preventing and resolving financial problems, including lender-of-last-resort operations.The paper examines how the lender-of-last-resort function might...

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Year of publication:	2006-03-01
Authors:	Schinasi, Garry J. ; Teixeira, Pedro Gustavo
Institutions:	Institute for Law and Finance <Frankfurt, Main>
Subject:	Europäische Union \| Wirtschaftspolitik \| Kreditmarkt

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Extent:	937984 bytes 28 p. application/pdf
Series:	Institute for Finance and Law - ILF Working Papers WORKING PAPER SERIES ; NO. 43 (2006)
Type of publication:	Book / Working Paper
Language:	English
Classification:	Management of financial services: stock exchange and bank management science (including saving banks) ; Individual Working Papers, Preprints ; Europe. General Resources
Source:	USB Cologne (business full texts)