The Potential Impact of Banking Crises on Public Finances: An Assessment of Selected EU Countries Using SYMBOL

Francesca Campolongo, Massimo Marchesi and Riccardo De Lisa

OECD Journal: Financial Market Trends, 2012, vol. 2011, issue 2, 73-84

Abstract: This paper presents an application of the SYMBOL model, which was recently developed by the European Commission. In this application, we assess the potential impact of a crisis in the banking sector on public finances in four EU Member States chosen as examples. Results show that two Member States have a relatively higher probability of being in a situation where government finances have to cover losses generated in the banking system.

Date: 2012
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