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...
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| Format: | Electronic Book Chapter |
| Language: | English |
| Published: |
Paris
OECD Publishing
2011
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| Subjects: | |
| Links: | https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw |
| Summary: | 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 |
| Physical Description: | 1 Online-Ressource (34 Seiten) 19 x 27cm |
| DOI: | 10.1787/fmt-2010-5kgk9qpnblxw |
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| spelling | Schich, Sebastian Verfasser aut Systemic Financial Crises How to Fund Resolution Sebastian Schich and Byoung-Hwan Kim Paris OECD Publishing 2011 1 Online-Ressource (34 Seiten) 19 x 27cm txt rdacontent c rdamedia 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 ctb https://doi.org/10.1787/fmt-2010-5kgk9qpnblxw Verlag URL des Erstveröffentlichers 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 |
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