Systemic Financial Crises: How to Fund Resolution
Systemic financial crises are a recurrent phenomenon, and despite regulatory efforts they are likely to occur again. This report compares the ex ante funding of deposit insurance schemes in a selection of countries, highlighting the "funding gap" left by these arrangements in the recent sy...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | |
| Format: | Elektronisch Artikel |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2011
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Systemic financial crises are a recurrent phenomenon, and despite regulatory efforts they are likely to occur again. This report compares the ex ante funding of deposit insurance schemes in a selection of countries, highlighting the "funding gap" left by these arrangements in the recent systemic financial crisis. To fill that gap, different approaches have been adopted across countries in the recent crisis. Where support for the financial sector was provided as part of policy response to the crisis, new taxes have been adopted to generate revenues ex post, although the specific approaches have differed. While there is no single solution in this regard, this report finds that ex ante funded systemic crisis resolution funds, together with strengthened failure resolution powers, are in principle adequate to help fill the gap. JEL Classification: E44, G01, G21, G28, E61, H21. Keywords: systemic financial crisis, systemic crisis resolution fund, deposit insurance, financial activities taxes, ex ante versus ex post funding. |
| Beschreibung: | 1 Online-Ressource (34 p.) 19 x 27cm. |
| DOI: | 10.1787/fmt-2010-5kgk9qpnblxw |
Internformat
MARC
| LEADER | 00000caa a22000002 4500 | ||
|---|---|---|---|
| 001 | ZDB-13-SOC-061320161 | ||
| 003 | DE-627-1 | ||
| 005 | 20231204121546.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 210204s2011 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1787/fmt-2010-5kgk9qpnblxw |2 doi | |
| 035 | |a (DE-627-1)061320161 | ||
| 035 | |a (DE-599)KEP061320161 | ||
| 035 | |a (FR-PaOEC)fmt-2010-5kgk9qpnblxw | ||
| 035 | |a (EBP)061320161 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 100 | 1 | |a Schich, Sebastian |e VerfasserIn |4 aut | |
| 245 | 1 | 0 | |a Systemic Financial Crises |b How to Fund Resolution |c Sebastian, Schich and Byoung-Hwan, Kim |
| 264 | 1 | |a Paris |b OECD Publishing |c 2011 | |
| 300 | |a 1 Online-Ressource (34 p.) |c 19 x 27cm. | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 520 | |a Systemic financial crises are a recurrent phenomenon, and despite regulatory efforts they are likely to occur again. This report compares the ex ante funding of deposit insurance schemes in a selection of countries, highlighting the "funding gap" left by these arrangements in the recent systemic financial crisis. To fill that gap, different approaches have been adopted across countries in the recent crisis. Where support for the financial sector was provided as part of policy response to the crisis, new taxes have been adopted to generate revenues ex post, although the specific approaches have differed. While there is no single solution in this regard, this report finds that ex ante funded systemic crisis resolution funds, together with strengthened failure resolution powers, are in principle adequate to help fill the gap. JEL Classification: E44, G01, G21, G28, E61, H21. Keywords: systemic financial crisis, systemic crisis resolution fund, deposit insurance, financial activities taxes, ex ante versus ex post funding. | ||
| 650 | 4 | |a Finance and Investment | |
| 700 | 1 | |a Kim, Byoung-Hwan |e MitwirkendeR |4 ctb | |
| 773 | 0 | 8 | |i Enthalten in |t OECD Journal: Financial Market Trends |g Vol. 2010, no. 2, p. 1-34 |
| 773 | 1 | 8 | |g volume:2010 |g year:2010 |g number:2 |g pages:1-34 |
| 856 | 4 | 0 | |l FWS01 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 912 | |a ZDB-13-SOC-article | ||
| 912 | |a ZDB-13-SOC | ||
| 951 | |a AR | ||
| 912 | |a ZDB-13-SOC | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-13-SOC-061320161 |
|---|---|
| _version_ | 1816797351628505088 |
| adam_text | |
| any_adam_object | |
| author | Schich, Sebastian |
| author2 | Kim, Byoung-Hwan |
| author2_role | ctb |
| author2_variant | b h k bhk |
| author_facet | Schich, Sebastian Kim, Byoung-Hwan |
| author_role | aut |
| author_sort | Schich, Sebastian |
| author_variant | s s ss |
| building | Verbundindex |
| bvnumber | localFWS |
| collection | ZDB-13-SOC ZDB-13-SOC-article |
| ctrlnum | (DE-627-1)061320161 (DE-599)KEP061320161 (FR-PaOEC)fmt-2010-5kgk9qpnblxw (EBP)061320161 |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/fmt-2010-5kgk9qpnblxw |
| format | Electronic Article |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02298caa a22003732 4500</leader><controlfield tag="001">ZDB-13-SOC-061320161</controlfield><controlfield tag="003">DE-627-1</controlfield><controlfield tag="005">20231204121546.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">210204s2011 xx |||||o 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/fmt-2010-5kgk9qpnblxw</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)061320161</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP061320161</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(FR-PaOEC)fmt-2010-5kgk9qpnblxw</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(EBP)061320161</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Schich, Sebastian</subfield><subfield code="e">VerfasserIn</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Systemic Financial Crises</subfield><subfield code="b">How to Fund Resolution</subfield><subfield code="c">Sebastian, Schich and Byoung-Hwan, Kim</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2011</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (34 p.)</subfield><subfield code="c">19 x 27cm.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Systemic financial crises are a recurrent phenomenon, and despite regulatory efforts they are likely to occur again. This report compares the ex ante funding of deposit insurance schemes in a selection of countries, highlighting the "funding gap" left by these arrangements in the recent systemic financial crisis. To fill that gap, different approaches have been adopted across countries in the recent crisis. Where support for the financial sector was provided as part of policy response to the crisis, new taxes have been adopted to generate revenues ex post, although the specific approaches have differed. While there is no single solution in this regard, this report finds that ex ante funded systemic crisis resolution funds, together with strengthened failure resolution powers, are in principle adequate to help fill the gap. JEL Classification: E44, G01, G21, G28, E61, H21. Keywords: systemic financial crisis, systemic crisis resolution fund, deposit insurance, financial activities taxes, ex ante versus ex post funding.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Finance and Investment</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Kim, Byoung-Hwan</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">Enthalten in</subfield><subfield code="t">OECD Journal: Financial Market Trends</subfield><subfield code="g">Vol. 2010, no. 2, p. 1-34</subfield></datafield><datafield tag="773" ind1="1" ind2="8"><subfield code="g">volume:2010</subfield><subfield code="g">year:2010</subfield><subfield code="g">number:2</subfield><subfield code="g">pages:1-34</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC-article</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">AR</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-13-SOC-061320161 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:56:12Z |
| institution | BVB |
| language | English |
| open_access_boolean | |
| owner | DE-863 DE-BY-FWS |
| owner_facet | DE-863 DE-BY-FWS |
| physical | 1 Online-Ressource (34 p.) 19 x 27cm. |
| psigel | ZDB-13-SOC ZDB-13-SOC-article |
| publishDate | 2011 |
| publishDateSearch | 2011 |
| publishDateSort | 2011 |
| publisher | OECD Publishing |
| record_format | marc |
| spelling | Schich, Sebastian VerfasserIn aut Systemic Financial Crises How to Fund Resolution Sebastian, Schich and Byoung-Hwan, Kim Paris OECD Publishing 2011 1 Online-Ressource (34 p.) 19 x 27cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Systemic financial crises are a recurrent phenomenon, and despite regulatory efforts they are likely to occur again. This report compares the ex ante funding of deposit insurance schemes in a selection of countries, highlighting the "funding gap" left by these arrangements in the recent systemic financial crisis. To fill that gap, different approaches have been adopted across countries in the recent crisis. Where support for the financial sector was provided as part of policy response to the crisis, new taxes have been adopted to generate revenues ex post, although the specific approaches have differed. While there is no single solution in this regard, this report finds that ex ante funded systemic crisis resolution funds, together with strengthened failure resolution powers, are in principle adequate to help fill the gap. JEL Classification: E44, G01, G21, G28, E61, H21. Keywords: systemic financial crisis, systemic crisis resolution fund, deposit insurance, financial activities taxes, ex ante versus ex post funding. Finance and Investment Kim, Byoung-Hwan MitwirkendeR ctb Enthalten in OECD Journal: Financial Market Trends Vol. 2010, no. 2, p. 1-34 volume:2010 year:2010 number:2 pages:1-34 FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw Volltext |
| spellingShingle | Schich, Sebastian Systemic Financial Crises How to Fund Resolution Finance and Investment |
| title | Systemic Financial Crises How to Fund Resolution |
| title_auth | Systemic Financial Crises How to Fund Resolution |
| title_exact_search | Systemic Financial Crises How to Fund Resolution |
| title_full | Systemic Financial Crises How to Fund Resolution Sebastian, Schich and Byoung-Hwan, Kim |
| title_fullStr | Systemic Financial Crises How to Fund Resolution Sebastian, Schich and Byoung-Hwan, Kim |
| title_full_unstemmed | Systemic Financial Crises How to Fund Resolution Sebastian, Schich and Byoung-Hwan, Kim |
| title_short | Systemic Financial Crises |
| title_sort | systemic financial crises how to fund resolution |
| title_sub | How to Fund Resolution |
| topic | Finance and Investment |
| topic_facet | Finance and Investment |
| url | https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw |
| work_keys_str_mv | AT schichsebastian systemicfinancialcriseshowtofundresolution AT kimbyounghwan systemicfinancialcriseshowtofundresolution |