The Use Of Blanket Guarantees In Banking Crises
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| Google books | books.google.com |
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| Originally published | 2006 |
| Authors | Luc Laeven |
| Fabian Valencia | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1315974 |
About The Use Of Blanket Guarantees In Banking Crises
In episodes of significant banking distress or perceived systemic risk to the financial system, policymakers have often opted for issuing blanket guarantees on bank liabilities to stop or avoid widespread bank runs. In theory, blanket guarantees can prevent bank runs if they are credible. . . .