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The use of blanket guarantees in banking crises /
In episodes of significant banking distress or perceived systemic risk to the financial system, policymakers have often opted for issuing blanket guarantees on bank liabilities to stop or avoid widespread bank runs. In theory, blanket guarantees can prevent bank runs if they are credible. However, g...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Autor Corporativo: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund, Research Dept.,
2008.
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| Colección: | IMF working paper ;
WP08/250. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Country Experiences; Table 1. Selected Blanket Guarantee Episodes; Table 2. Selected Bank-Specific Guarantee Announcements; III. Effectiveness of Blanket Guarantees; Figure 1. Effectiveness of Depositors' Guarantees in Selected Countries; A. Empirical Analysis; Table 3. Impact of Blanket Guarantees on Liquidity Support; Table 4. Short-Term and Medium-Term Effects of Guarantees on Liquidity Support; Table 5. Impact of Blanket Guarantees on Foreign Liabilities.
- Table 6. Short-Term and Medium-Term Effect of Guarantees on Foreign LiabilitiesIV. The Costs of Using Blanket Guarantees; Figure 2. Fiscal Costs and Blanket Guarantees; Table 7. Blanket Guarantee and Extensive Liquidity Support; Figure 3. Crisis Intensity and Blanket Guarantees; Table 8. Blanket Guarantees, Crisis Intensity, and Fiscal Costs; V. Policy Implications; VI. Conclusions; Table A1. Sequence of Events in Selected Crisis Episodes; Table A2. IMF Programs and Bank Restructuring Policies; References; Footnotes.