Government Guarantees to Financial Institutions: Banks’ Incentives and Fiscal Sustainability

Agnese Leonello

Chapter 22 in Achieving Financial Stability:Challenges to Prudential Regulation, 2017, pp 305-315 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The 2007 financial crisis triggered a massive public response and a substantial use of public funds to restore and preserve financial stability. In the years 2008–2013, public intervention in the financial sector took various forms: loans, recapitalization, ex post bailouts, as well as the extension of the size and scope of the existing guarantees schemes. Retail deposit insurance ceilings were significantly raised in most countries. Some (Australia, Austria, Denmark, Germany, Greece, Hong Kong, Ireland, Malaysia, New Zealand, and Singapore) introduced unlimited coverage…

Keywords: Money and Banking; International Banking; Financial Instititions; Banks; Regulations; Compliance; Financial Crisis; Great Financial Crisis 2008; Microprudential; Macroprudential; Financial Stability (search for similar items in EconPapers)
JEL-codes: E50 (search for similar items in EconPapers)
Date: 2017
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