The Potential Impact of Banking Crises on Public Finances: An Assessment of Selected EU Countries Using SYMBOL

This paper presents an application of the SYMBOL model, which was recently developed by the European Commission. In this application, we assess the potential impact of a crisis in the banking sector on public finances in four EU Member States chosen as examples. Results show that two Member States have a relatively higher probability of being in a situation where government finances have to cover losses generated in the banking system.

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Year of publication:	2011
Authors:	Campolongo, Francesca ; Marchesi, Massimo ; Lisa, Riccardo De
Published in:	OECD Journal: Financial Market Trends. - Organisation de Coopération et de Développement Économiques (OCDE), ISSN 1995-2872. - Vol. 2011.2011, 2, p. 73-84
Publisher:	Organisation de Coopération et de Développement Économiques (OCDE)

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Extent:	text/html
Type of publication:	Article
Other identifiers:	10.1787/fmt-2011-5k9cswn0nhbr [DOI]
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010562162