Insurance against systemic crises
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Author
Date
2009-08-08Type
- Other Publication
ETH Bibliography
yes
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Abstract
The crisis is a brutal reminder of the fragility of banks. This column suggests that managers of large banks be obliged to act as insurers against systemic crises. This would create incentives for them to be concerned about the stability of the banking system as a whole.
Publication status
publishedJournal / series
VOX CEPR's Policy PortalPublisher
Centre for Economic Policy ResearchOrganisational unit
03729 - Gersbach, Hans / Gersbach, Hans
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ETH Bibliography
yes
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