Extraordinary measures in extraordinary times: Public measures in support of the financial sector in the EU and the United States

Stephanie Stolz and Michael Wedow

No 2010,13, Discussion Paper Series 1: Economic Studies from Deutsche Bundesbank

Abstract: The extensive public support measures for the financial sector have been key for the management of the current financial crisis. This paper gives a detailed description of the measures taken by central banks and governments and attempts a preliminary assessment of the effectiveness of such measures. The geographical focus of the paper is on the European Union (EU) and the United States. The crisis response in both regions has been largely similar in terms of both tools and scope, and monetary policy actions and bank rescue measures have become increasingly intertwined. However, there are important differences, not only between the EU and the United States (e.g. with regard to the involvement of the central bank), but also within the EU (e.g. asset relief schemes).

Keywords: Bank rescue measures; public crisis management (search for similar items in EconPapers)
JEL-codes: E58 E61 G21 G38 (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-ban, nep-cba and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (78)

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/37071/1/631858768.pdf (application/pdf)

Related works:
Working Paper: Extraordinary measures in extraordinary times: public measures in support of the financial sector in the EU and the United States (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:bubdp1:201013

Access Statistics for this paper

More papers in Discussion Paper Series 1: Economic Studies from Deutsche Bundesbank Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().