The Financial Safety Net – a Necessity in a Turbulent Financial World

Peter Balogh () and Nicu Tocu ()
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Peter Balogh: Babes-Bolyai University, Cluj-Napoca, Romania
Nicu Tocu: Alexandru Ioan Cuza University, Iasi, Romania

Economics and Applied Informatics, 2012, issue 2, 23-30

Abstract: Over the last years we observed that whenever crisis hits, interest in guarantee arrangements rises. The current financial crisis is no exception in this respect. It turns the spotlight on the operation of the financial safety net and provides policy makers with a unique opportunity to monitor its performance and, more specifically, to identify its strengths and weaknesses. The aim of this paper is to demonstrate the need of financial safety nets in a world characterized by deep financial disruptions, describing also the main components of a well-built financial safety net.

Keywords: Financial safety net; Crises; Central bank (search for similar items in EconPapers)
JEL-codes: E58 G21 (search for similar items in EconPapers)
Date: 2012
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