Abstract
The aim of the mechanism described in this statement is to discourage the forms of short term funding that create and amplify systemic risk. It also arranges some prepayment of intervention costs and constitutes a starting step to ensure that public assistance to banks during systemic crises occurs on time and is based on ex ante rules
Volume
31
Number
31
Series
CEPR Policy Insight
Editor
CEPR
Year
2009
Categories
Other Emerging Risks
