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 Article |
| Language: | English |
| Published: |
Paris
OECD Publishing
2012
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| Subjects: | |
| Online Access: | DE-862 DE-863 |
| 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. |
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| spelling | Grande, Giuseppe VerfasserIn 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. Text txt rdacontent Computermedien c rdamedia Online-Ressource 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 MitwirkendeR ctb Panetta, Fabio MitwirkendeR ctb Zaghini, Andrea MitwirkendeR ctb Enthalten in OECD Journal: Financial Market Trends Vol. 2011, no. 2, p. 47-72 volume:2011 year:2011 number:2 pages:47-72 |
| 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_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 |
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