United States: Publication of Financial Sector Assessment Program Documentation: Technical Note on Crisis Management Arrangements

International Monetary Fund

No 2010/120, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents a technical note on Crisis Management Arrangements for the United States. The crisis has seen widespread systemic instability, large-scale fiscal support, and an increase in moral hazard. The lack of a formal systematic process for the assessment of risks may have contributed to a slow response to identified risks, but the additional complexity of coordinating interagency actions in response to identified risks did not help. Power to act remained with the individual agencies, and coordinating a response to identified risks could take time.

Keywords: ISCR; CR; firm; market; group; market participant; market dislocation; group structure; discount window; group transaction; bank group; group interdependency; senior debt; core college country authorities; intra-group transaction; full faith and credit; pricing system; umbrella group; Financial sector stability; Crisis management framework; Systemic risk; Crisis management; Global; Europe (search for similar items in EconPapers)
Pages: 41
Date: 2010-05-14
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Citations: View citations in EconPapers (3)

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