EconStor >
Deutsche Bundesbank, Forschungszentrum, Frankfurt am Main >
Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/37071
  
Title:Extraordinary measures in extraordinary times: Public measures in support of the financial sector in the EU and the United States PDF Logo
Authors:Stolz, Stéphanie Marie
Wedow, Michael
Issue Date:2010
Series/Report no.:Discussion Paper Series 1: Economic Studies 2010,13
Abstract:The extensive public support measures for the financial sector have been key for the management of the current financial crisis. This paper gives a detailed description of the measures taken by central banks and governments and attempts a preliminary assessment of the effectiveness of such measures. The geographical focus of the paper is on the European Union (EU) and the United States. The crisis response in both regions has been largely similar in terms of both tools and scope, and monetary policy actions and bank rescue measures have become increasingly intertwined. However, there are important differences, not only between the EU and the United States (e.g. with regard to the involvement of the central bank), but also within the EU (e.g. asset relief schemes).
Subjects:Bank rescue measures
public crisis management
JEL:E58
E61
G21
G38
ISBN:978-3-86558-627-8
Document Type:Working Paper
Appears in Collections:Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank

Files in This Item:
File Description SizeFormat
631858768.pdf1.45 MBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/37071

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.