Fighting The Fire: Governmental Emergency Responses To The Financial Crisis

Fighting The Fire: Governmental Emergency Responses To The Financial Crisis

In this article, Bernd Delahaye argues that the combined emergency responses to the banking crisis by governments in the United States and Europe in the form of liquidity support facilities, state guarantees for debt instruments issued by troubled banks and capital injections have so far successfull...

Descripción completa

Guardado en:
Detalles Bibliográficos
Autor principal: Bernd Delahaye
Formato: article
Lenguaje:EN
Publicado: Amsterdam Law Forum 2009
Materias:
international law, economics, financial regulation, global markets, financial, law, politics,
Law
K
Acceso en línea:https://doaj.org/article/f9ec3839cda74c05b0778fd9029431eb
Etiquetas: Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
id oai:doaj.org-article:f9ec3839cda74c05b0778fd9029431eb
record_format dspace
spelling oai:doaj.org-article:f9ec3839cda74c05b0778fd9029431eb2021-12-02T04:29:45ZFighting The Fire: Governmental Emergency Responses To The Financial Crisis1876-8156https://doaj.org/article/f9ec3839cda74c05b0778fd9029431eb2009-04-01T00:00:00Zhttp://ojs.ubvu.vu.nl/alf/article/view/80https://doaj.org/toc/1876-8156In this article, Bernd Delahaye argues that the combined emergency responses to the banking crisis by governments in the United States and Europe in the form of liquidity support facilities, state guarantees for debt instruments issued by troubled banks and capital injections have so far successfully prevented the collapse of the world financial system. The author claims that it is now necessary to establish national ‘bad banks’ to help the banks shake off the ‘toxic’ assets that currently burden their balance sheets in order to restore the confidence of the market and to revitalise interbank lending. Delahaye further argues that a temporary nationalisation can be a useful tool to rescue systemically important banks. The medium- and long-term focus should, however, be on regulatory and structural reforms to reduce the risk of a recurrence of the current situation.Bernd DelahayeAmsterdam Law Forumarticleinternational law, economics, financial regulation, global markets, financial, law, politics,LawKENAmsterdam Law Forum, Vol 1, Iss 3, Pp 29-38 (2009)
institution DOAJ
collection DOAJ
language EN
topic international law, economics, financial regulation, global markets, financial, law, politics,
Law
K
spellingShingle international law, economics, financial regulation, global markets, financial, law, politics,
Law
K
Bernd Delahaye
Fighting The Fire: Governmental Emergency Responses To The Financial Crisis
description In this article, Bernd Delahaye argues that the combined emergency responses to the banking crisis by governments in the United States and Europe in the form of liquidity support facilities, state guarantees for debt instruments issued by troubled banks and capital injections have so far successfully prevented the collapse of the world financial system. The author claims that it is now necessary to establish national ‘bad banks’ to help the banks shake off the ‘toxic’ assets that currently burden their balance sheets in order to restore the confidence of the market and to revitalise interbank lending. Delahaye further argues that a temporary nationalisation can be a useful tool to rescue systemically important banks. The medium- and long-term focus should, however, be on regulatory and structural reforms to reduce the risk of a recurrence of the current situation.
format article
author Bernd Delahaye
author_facet Bernd Delahaye
author_sort Bernd Delahaye
title Fighting The Fire: Governmental Emergency Responses To The Financial Crisis
title_short Fighting The Fire: Governmental Emergency Responses To The Financial Crisis
title_full Fighting The Fire: Governmental Emergency Responses To The Financial Crisis
title_fullStr Fighting The Fire: Governmental Emergency Responses To The Financial Crisis
title_full_unstemmed Fighting The Fire: Governmental Emergency Responses To The Financial Crisis
title_sort fighting the fire: governmental emergency responses to the financial crisis
publisher Amsterdam Law Forum
publishDate 2009
url https://doaj.org/article/f9ec3839cda74c05b0778fd9029431eb
work_keys_str_mv AT bernddelahaye fightingthefiregovernmentalemergencyresponsestothefinancialcrisis
_version_ 1718401225777479680

Ejemplares similares