From Bagehot to Brussels: A Review of Which Lender of Last Resort for Europe (Charles A. E. Goodhart, ed.)
AbstractThis article reviews Which Lender of Last Resort for Europe (Charles A.E. Goodhart, ed.). This book addresses the role and functioning of a lender of last resort within the institutional structure of the single European market and the European Monetary Union. The matters reviewed include the following. Does the euro raise the level of financial and systemic risk in Europe? Which financial regulatory and supervisory functions require centralization under EMU? What are the institutional, political, and coordination issues? What is the effect of the evolving European institutional structure on moral hazard? Copyright Kluwer Academic Publishers 2001
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Bibliographic InfoArticle provided by Springer in its journal Open Economies Review.
Volume (Year): 12 (2001)
Issue (Month): 4 (October)
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Web page: http://www.springerlink.com/link.asp?id=100323
Central Bank institutions; European monetary union; Lender of last resort; regulation;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Franco Bruni & Christian de Boissieu, 2000. "Lending of Last Resort and Systemic Stability in the Eurozone," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.
- Garcia, Gillian, 1989. "The Lender of Last Resort in the Wake of the Crash," American Economic Review, American Economic Association, vol. 79(2), pages 151-55, May.
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