Better Resolution

Thomas F. Huertas

Chapter 7 in Crisis: Cause, Containment and Cure, 2010, pp 109-122 from Palgrave Macmillan

Abstract: Abstract Wretched resolution compounded the crisis (see Chapter 4), and reforming resolution holds the key to preventing future crises. Resolution policy determines what governments will protect, and what losses creditors of financial institutions, such as depositors and i nsurance policyholders, can expect, if a financial firm gets into difficulty. Resolution policy also determines when governments will intervene, and this intervention point effectively determines the minimum prudential standards for capital and/or liquidity. Formulating and adhering to a policy that is politically and economically consistent over time is crucial, if future crises are to be avoided.

Keywords: Central Bank; Financial Institution; Financial Service Authority; Resolution Policy; Deposit Guarantee (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-27743-4_8

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DOI: 10.1057/9780230277434_8

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