- Author
- Year
- 2009
- host editors
-
P. Alessandrini
M. Fratianni
A. Zazzaro - Title
- Crisis management and lender of last resort in the European banking market
- Book title
- The changing geography of banking and finance
- Pages (from-to)
- 233-250
- Number of pages
- 300
- Publisher
- Dordrecht: Springer
- ISBN
- 9780387980775
- Document type
- Chapter
- Faculty
- Interfacultary Research
Faculty of Economics and Business (FEB) - Institute
- Amsterdam Center for Law & Economics (ACLE)
Amsterdam Business School Research Institute (ABS-RI) - Abstract
-
We discuss some key issues related to supervisory arrangements in the Euro-system countries. In particular, we address the lender of last resort (LOLR) structure and the related crisis management framework. We focus on the responsibilities and powers of individual countries (and national central banks) vis-à-vis those at the European level (EU and ECB). In this context, various issues will be raised relating to the effectiveness and efficiency of the arrangements and, specifically, the role and positioning of the LOLR in light of the fragmented supervisory structure. We will discuss potential paths forward.
- URL
- go to publisher's site
- Language
- English
- Persistent Identifier
- https://hdl.handle.net/11245/1.317620
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