Managing Crises without Government Guarantees: How Do We Get There?
Experience illustrates that, for successful crisis management, there is no substitute for early intervention and, if possible, a private sector solution in preserving value in the firm and limiting externalities. Early intervention, in turn, calls for strong supervision. Even with a much stronger cr...
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1. Verfasser: | |
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Format: | Elektronisch Buchkapitel |
Sprache: | English |
Veröffentlicht: |
Paris
OECD Publishing
2012
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Schlagworte: | |
Online-Zugang: | DE-384 DE-473 DE-824 DE-29 DE-739 DE-355 DE-20 DE-1028 DE-1049 DE-521 DE-861 DE-898 DE-92 DE-91 DE-573 DE-19 URL des Erstveröffentlichers |
Zusammenfassung: | Experience illustrates that, for successful crisis management, there is no substitute for early intervention and, if possible, a private sector solution in preserving value in the firm and limiting externalities. Early intervention, in turn, calls for strong supervision. Even with a much stronger cross-border resolution process, some type of contingent arrangements in reserve will continue to be necessary. Despite their associated problems, guarantees and market backstops have been an important element in preserving liquidity and restoring market functionality and it would be difficult to manage financial crises without them. Other forms of intervention are likely to be more intrusive |
Beschreibung: | 1 Online-Ressource (11 Seiten) 21 x 28cm |
DOI: | 10.1787/fmt-2011-5k9cswn0xzkg |
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Datensatz im Suchindex
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spelling | Cumming, Christine M... Verfasser aut Managing Crises without Government Guarantees How Do We Get There? Christine M. Cumming Paris OECD Publishing 2012 1 Online-Ressource (11 Seiten) 21 x 28cm txt rdacontent c rdamedia cr rdacarrier Experience illustrates that, for successful crisis management, there is no substitute for early intervention and, if possible, a private sector solution in preserving value in the firm and limiting externalities. Early intervention, in turn, calls for strong supervision. Even with a much stronger cross-border resolution process, some type of contingent arrangements in reserve will continue to be necessary. Despite their associated problems, guarantees and market backstops have been an important element in preserving liquidity and restoring market functionality and it would be difficult to manage financial crises without them. Other forms of intervention are likely to be more intrusive Finance and Investment https://doi.org/10.1787/fmt-2011-5k9cswn0xzkg Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Cumming, Christine M.. Managing Crises without Government Guarantees How Do We Get There? Finance and Investment |
title | Managing Crises without Government Guarantees How Do We Get There? |
title_auth | Managing Crises without Government Guarantees How Do We Get There? |
title_exact_search | Managing Crises without Government Guarantees How Do We Get There? |
title_exact_search_txtP | Managing Crises without Government Guarantees How Do We Get There? |
title_full | Managing Crises without Government Guarantees How Do We Get There? Christine M. Cumming |
title_fullStr | Managing Crises without Government Guarantees How Do We Get There? Christine M. Cumming |
title_full_unstemmed | Managing Crises without Government Guarantees How Do We Get There? Christine M. Cumming |
title_short | Managing Crises without Government Guarantees |
title_sort | managing crises without government guarantees how do we get there |
title_sub | How Do We Get There? |
topic | Finance and Investment |
topic_facet | Finance and Investment |
url | https://doi.org/10.1787/fmt-2011-5k9cswn0xzkg |
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