Financial Safety Nets

Zuhayr Mikdashi
Additional contact information
Zuhayr Mikdashi: University of Lausanne

Chapter 5 in Regulating the Financial Sector in the Era of Globalization, 2003, pp 91-140 from Palgrave Macmillan

Abstract: Abstract Public authorities’ prudential regulations concerning financial intermediaries and their effective supervision (discussed in Chapters 3 and 4) are often considered to be the foremost safety nets. Their objectives are (a) at the micro level to ensure that individual financial institutions are well capitalized and well managed; and (b) at the macro level to safeguard the soundness, efficiency and stability of the financial system. Besides the regulatory-supervisory frameworks, specific post-failure and government-supported financial safety nets — discussed hereafter — are deemed to be valuable complements to enhancing savers’ and investors’ confidence, and reinforcing financial stability.

Keywords: Monetary Policy; Central Bank; Financial Institution; Moral Hazard; Systemic Risk (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-9011-2_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9781403990112

DOI: 10.1057/9781403990112_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().