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The Lender of Last Resort in the European Single Financial Market, Pedro Gustavo Teixeira, Garry Schinasi

Contributor
Abstract
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
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. SYSTEMIC RISK IN THE SINGLE FINANCIAL MARKET""; ""III. THE ARCHITECTURE FOR FINANCIAL CRISIS MANAGEMENT""; ""IV. THE LENDER OF LAST RESORT FUNCTION IN PRACTICE""; ""V. CHALLENGES""; ""VI. WAYS FORWARD: COORDINATION VS. CENTRALIZATION OF POLICYMAKING""; ""Bibliography""
Language
eng
Literary Form
non fiction
Note
"May 2006."
Physical Description
1 online resource (23 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781283518444

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