Public Guarantees on Bank Bonds: Effectiveness and Distortions
The government guarantees on bank bonds adopted in 2008 in many advanced economies to support the banking systems were broadly effective in resuming bank funding and preventing a credit crunch. The guarantees, however, also caused distortions in the cost of bank borrowing. Their reintroduction might...
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| Other Authors: | , , |
| Format: | Electronic Book Chapter |
| Language: | English |
| Published: |
Paris
OECD Publishing
2012
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| Subjects: | |
| Online Access: | 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 Volltext |
| Summary: | The government guarantees on bank bonds adopted in 2008 in many advanced economies to support the banking systems were broadly effective in resuming bank funding and preventing a credit crunch. The guarantees, however, also caused distortions in the cost of bank borrowing. Their reintroduction might help alleviate the current pressures on banks caused by the sovereign debt crisis, but the pricing mechanism should ensure a level playing field. Moreover, given the sharp deterioration in the creditworthiness of sovereign borrowers, it may be envisaged to entrust the provision of the guarantees to a supranational organisation |
| Physical Description: | 1 Online-Ressource (26 Seiten) 21 x 28cm |
| DOI: | 10.1787/fmt-2011-5k9cswn0qg6l |
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| spelling | Grande, Giuseppe Verfasser aut Public Guarantees on Bank Bonds Effectiveness and Distortions Giuseppe Grande ... [et al] Paris OECD Publishing 2012 1 Online-Ressource (26 Seiten) 21 x 28cm txt rdacontent c rdamedia cr rdacarrier The government guarantees on bank bonds adopted in 2008 in many advanced economies to support the banking systems were broadly effective in resuming bank funding and preventing a credit crunch. The guarantees, however, also caused distortions in the cost of bank borrowing. Their reintroduction might help alleviate the current pressures on banks caused by the sovereign debt crisis, but the pricing mechanism should ensure a level playing field. Moreover, given the sharp deterioration in the creditworthiness of sovereign borrowers, it may be envisaged to entrust the provision of the guarantees to a supranational organisation Finance and Investment Levy, Aviram ctb Panetta, Fabio ctb Zaghini, Andrea ctb https://doi.org/10.1787/fmt-2011-5k9cswn0qg6l Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Grande, Giuseppe Public Guarantees on Bank Bonds Effectiveness and Distortions Finance and Investment |
| title | Public Guarantees on Bank Bonds Effectiveness and Distortions |
| title_auth | Public Guarantees on Bank Bonds Effectiveness and Distortions |
| title_exact_search | Public Guarantees on Bank Bonds Effectiveness and Distortions |
| title_exact_search_txtP | Public Guarantees on Bank Bonds Effectiveness and Distortions |
| title_full | Public Guarantees on Bank Bonds Effectiveness and Distortions Giuseppe Grande ... [et al] |
| title_fullStr | Public Guarantees on Bank Bonds Effectiveness and Distortions Giuseppe Grande ... [et al] |
| title_full_unstemmed | Public Guarantees on Bank Bonds Effectiveness and Distortions Giuseppe Grande ... [et al] |
| title_short | Public Guarantees on Bank Bonds |
| title_sort | public guarantees on bank bonds effectiveness and distortions |
| title_sub | Effectiveness and Distortions |
| topic | Finance and Investment |
| topic_facet | Finance and Investment |
| url | https://doi.org/10.1787/fmt-2011-5k9cswn0qg6l |
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