Northern Rock: The anatomy of a crisis – the prudential lessons

Sonia Ondo-Ndong () and Laurence Scialom
Additional contact information
Sonia Ondo-Ndong: EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique

Working Papers from HAL

Abstract: This paper attempts to analyse the main characteristics of the Northern Rock crisis and the responses of the Bank of England as lender of last resort. On the basis of the diagnosis about the causes and the handling of this banking crisis we detect the shortcomings prevailing in the UK prudential device. We therefore try to draw the prudential lessons of this experience. As we cannot claim to present an exhaustive picture of the crisis's implications from a prudential point of view, we chose to focus instead on the points with practical significance far beyond the UK's case.

Keywords: bank bankruptcy; deposit insurance; liquidity regulation (search for similar items in EconPapers)
Date: 2008
Note: View the original document on HAL open archive server: https://hal.science/hal-04140736v1
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://hal.science/hal-04140736v1/document (application/pdf)

Related works:
Chapter: Northern Rock: The Anatomy of a Crisis—The Prudential Lessons (2009)
Working Paper: Northern Rock: The anatomy of a crisis – the prudential lessons (2008)
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:hal:wpaper:hal-04140736

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().