Stretching the Financial Safety Net to its Breaking Point

Edward Kane

Chapter 7 in Innovative Federal Reserve Policies During the Great Financial Crisis, 2018, pp 189-228 from World Scientific Publishing Co. Pte. Ltd.

Abstract: What a government calls its financial safety net has three components: (1) actions officials take to restrict the risk of ruin that institutions assume; (2) measures officials take to limit the damage creditors, customers, employees, and stockholders suffer when and if an institution becomes hopelessly insolvent; and (3) an ability, in the event of financial turmoil, to make taxpayers and surviving institutions pay explicitly or implicitly for whatever rescue operations they undertake…

Keywords: Monetary Policy; Financial History; United States of America; Federal Reserve; Housing; Macroprudential Regulation; Quantitative Easing; Financial-Stability Tool; Recession; Financial Crisis (search for similar items in EconPapers)
JEL-codes: G01 (search for similar items in EconPapers)
Date: 2018
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