- Crisis management and lender of last resort in the European banking market
- Number of pages
- Amsterdam: Faculteit Economie en Bedrijfskunde
- Document type
- Working paper
- Interfacultary Research Institutes
Faculty of Economics and Business (FEB)
- Amsterdam Center for Law & Economics (ACLE)
Amsterdam Business School Research Institute (ABS-RI)
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.
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