EU Framework for Safeguarding Financial Stability: Towards An Analytical Benchmark for Assessing its Effectiveness
European finance is becoming increasingly cross-border, while the European architecture for safeguarding financial stability - including decision-making processes for providing financial-stability public goods - have remained decentralized with some explicit mechanisms for coordination across countr...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2007
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Schriftenreihe: | IMF Working Papers
Working Paper No. 07/260 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | European finance is becoming increasingly cross-border, while the European architecture for safeguarding financial stability - including decision-making processes for providing financial-stability public goods - have remained decentralized with some explicit mechanisms for coordination across countries. Policy makers are aware of the limitations of the existing institutional setting, but opinions on how to proceed, including on burden sharing, are lining up along national and regional political lines with less attention paid to European needs. This paper applies the ''economics of alliances'' to examine these European policy challenges. The paper establishes benchmarks for assessing the ability of Europe''s existing institutional architecture to efficiently allocate resources to safeguard the EU financial system against systemic threats to stability, such as the insolvency of a pan European bank |
Beschreibung: | 1 Online-Ressource (23 p) |
ISBN: | 1451868235 9781451868234 |
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spelling | Nieto, María Verfasser aut EU Framework for Safeguarding Financial Stability Towards An Analytical Benchmark for Assessing its Effectiveness Nieto, María Washington, D.C International Monetary Fund 2007 1 Online-Ressource (23 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 07/260 European finance is becoming increasingly cross-border, while the European architecture for safeguarding financial stability - including decision-making processes for providing financial-stability public goods - have remained decentralized with some explicit mechanisms for coordination across countries. Policy makers are aware of the limitations of the existing institutional setting, but opinions on how to proceed, including on burden sharing, are lining up along national and regional political lines with less attention paid to European needs. This paper applies the ''economics of alliances'' to examine these European policy challenges. The paper establishes benchmarks for assessing the ability of Europe''s existing institutional architecture to efficiently allocate resources to safeguard the EU financial system against systemic threats to stability, such as the insolvency of a pan European bank Online-Ausg Schinasi, Garry J. Sonstige oth http://elibrary.imf.org/view/IMF001/08817-9781451868234/08817-9781451868234/08817-9781451868234.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Nieto, María EU Framework for Safeguarding Financial Stability Towards An Analytical Benchmark for Assessing its Effectiveness |
title | EU Framework for Safeguarding Financial Stability Towards An Analytical Benchmark for Assessing its Effectiveness |
title_auth | EU Framework for Safeguarding Financial Stability Towards An Analytical Benchmark for Assessing its Effectiveness |
title_exact_search | EU Framework for Safeguarding Financial Stability Towards An Analytical Benchmark for Assessing its Effectiveness |
title_exact_search_txtP | EU Framework for Safeguarding Financial Stability Towards An Analytical Benchmark for Assessing its Effectiveness |
title_full | EU Framework for Safeguarding Financial Stability Towards An Analytical Benchmark for Assessing its Effectiveness Nieto, María |
title_fullStr | EU Framework for Safeguarding Financial Stability Towards An Analytical Benchmark for Assessing its Effectiveness Nieto, María |
title_full_unstemmed | EU Framework for Safeguarding Financial Stability Towards An Analytical Benchmark for Assessing its Effectiveness Nieto, María |
title_short | EU Framework for Safeguarding Financial Stability |
title_sort | eu framework for safeguarding financial stability towards an analytical benchmark for assessing its effectiveness |
title_sub | Towards An Analytical Benchmark for Assessing its Effectiveness |
url | http://elibrary.imf.org/view/IMF001/08817-9781451868234/08817-9781451868234/08817-9781451868234.xml |
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