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

Risk in Contemporary Economy, 2011, 311-317

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. This paper focuses on the way parts of the financial safety net work and places a special emphasis on the growing role of these safety nets in our turbulent financial world.

Keywords: financial safety net; crises; central bank (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2011:p:311-317

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