Introduction

Jakub Kerlin
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Jakub Kerlin: Warsaw School of Economics

Chapter 1 in The Role of Deposit Guarantee Schemes as a Financial Safety Net in the European Union, 2017, pp 1-6 from Palgrave Macmillan

Abstract: Abstract The dynamic development of the financial market determines the necessity of creating public institutions responsible for the proper functioning, stability, and safety of market participants. Traditionally, central banks, the government, supervisory bodies, and deposit insurance agencies are all singled out in an institutional perspective as participants of the so-called financial safety net. The evolution of the structure is a frequent subject of thematic research. Times of severe turmoil, such as the global financial crisis that triggered the discussion on necessary reforms, bring constant inspiration for further studies. The experiences derived from the recent financial crisis made it necessary to redefine the role of the financial safety net, along with its deposit guarantee schemes.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-319-54163-1_1

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DOI: 10.1007/978-3-319-54163-1_1

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