Most countries lack an effective framework for dealing with failing systemically important financial institutions (SIFIs). This report argues that any serious attempt to stabilize the global financial system must include carefully crafted policies for restructuring these ""too big to fail"" cross-border institutions. The report recommends approaches for resolving SIFIs in a way that will maintain national sovereignty, enhance international financial integration, and preserve financial stability. Copublished with the International Center for Monetary and Banking Studies (ICMB)
Les mer
Most countries lack an effective framework for dealing with failing systemically important financial institutions (SIFIs). This report argues that any serious attempt to stabilize the global financial system must include carefully crafted policies for restructuring these ""too big to fail"" cross-border institutions.
Les mer

Produktdetaljer

ISBN
9781907142093
Publisert
2010-08-30
Utgiver
Centre for Economic Policy Research; Centre for Economic Policy Research
Vekt
333 gr
Høyde
248 mm
Bredde
171 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
150

Om bidragsyterne

Stijn Claessens is assistant director in the research department of the International Monetary Fund. Richard J. Herring is Jacob Safra Professor of International Banking and codirector of the Wharton Financial Institutions Center at the University of Pennsylvania. Dirk Schoenmaker is dean of the Duisenberg School of Finance and professor of finance, banking, and insurance at the VU University Amsterdam.