The Use of Blanket Guarantees in Banking Crises

The Use of Blanket Guarantees in Banking Crises
In episodes of significant banking distress or perceived systemic risk to the financial system, policymakers have often opted for issuing blanket guarantees on bank liabilities to stop or avoid widespread bank runs. In theory, blanket guarantees can prevent bank runs if they are credible. However, guarantee could add substantial fiscal costs to... READ MORE...

Publication date: October 2008
ISBN 9781451871081
$18.00

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