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  • 标题:Extraordinary measures in extraordinary times: public measures in support of the financial sector in the EU and the United States
  • 本地全文:下载
  • 作者:Stéphanie Marie Stolz ; Michael Wedow
  • 期刊名称:Euro Area Balance of Payments and International Investment Position Statistics
  • 印刷版ISSN:1830-3420
  • 电子版ISSN:1830-3439
  • 出版年度:2010
  • 出版社:European Central Bank
  • 摘要:The extensive public support measures for the fi nancial sector have been key for the management of the current fi nancial 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).
  • 关键词:bank rescue measures; public crisis;management.
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