Advanced Search
MyIDEAS: Login to save this paper or follow this series

European States and Financial Systems: A Biased Relationship

Contents:

Author Info

  • Nathalie Rey

    ()
    (CEPN - Centre d'Economie de l'Université Paris Nord - Université Paris XIII - Paris Nord - CNRS : UMR7234)

Abstract

Public intervention in the banking sector takes three main forms: prudential regulation, especially with the Basel II ratio for adequacy of a bank's own funds for their exposure to risk ; insuring deposits, the goal of which is to ensure a minimum level of protection for depositors and savers in order to avoid a run on banks ; and control and supervision of banks by public authorities, which ensures that the rules are applied properly. Intervention by central banks, through their monetary policy and as lenders of last resort, constitutes the fourth means of regulating the banking system, and the main form of intervention in financial markets. Central banks intervene in order to ensure the stability of financial systems. The financial crisis has shown that traditional modes of public intervention in the financial system are ineffective and insufficient. Before analyzing the principles and limits of these forms of public intervention, we examine cases of exceptional intervention and support to banks by public powers during the crisis. Then, in conclusion, we compare these forms of public intervention with the current state of financial systems.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://halshs.archives-ouvertes.fr/docs/00/75/88/92/PDF/StatesAndFinancialSystems_N._Rey.pdf
Download Restriction: no

Bibliographic Info

Paper provided by HAL in its series Post-Print with number halshs-00758892.

as in new window
Length:
Date of creation: 02 Oct 2012
Date of revision:
Publication status: Published, The public action in crisis Toward a renewal in France and in Europe?, PURH (Ed.), 2012, 336
Handle: RePEc:hal:journl:halshs-00758892

Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00758892
Contact details of provider:
Web page: http://hal.archives-ouvertes.fr/

Related research

Keywords: Financial systems; Financial crisis; States; Public intervention; Prudential regulation;

This paper has been announced in the following NEP Reports:

References

References listed on IDEAS
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.:
as in new window
  1. Marek Dabrowski, 2009. "The Global Financial Crisis: Lessons for European Integration," CASE Network Studies and Analyses 0384, CASE-Center for Social and Economic Research.
  2. Mathieu Plane & Georges Pujals, 2009. "Les banques dans la crise," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(3), pages 179-219.
  3. Uhde, André & Heimeshoff, Ulrich, 2009. "Consolidation in banking and financial stability in Europe: Empirical evidence," Journal of Banking & Finance, Elsevier, vol. 33(7), pages 1299-1311, July.
  4. Moshirian, Fariborz, 2011. "The global financial crisis and the evolution of markets, institutions and regulation," Journal of Banking & Finance, Elsevier, vol. 35(3), pages 502-511, March.
  5. Eisenbeis, Robert A. & Kaufman, George G., 2008. "Cross-border banking and financial stability in the EU," Journal of Financial Stability, Elsevier, vol. 4(3), pages 168-204, September.
  6. Breitenfellner, Bastian & Wagner, Niklas, 2010. "Government intervention in response to the subprime financial crisis: The good into the pot, the bad into the crop," International Review of Financial Analysis, Elsevier, vol. 19(4), pages 289-297, September.
  7. Cukierman, Alex, 2011. "Reflections on the crisis and on its lessons for regulatory reform and for central bank policies," Journal of Financial Stability, Elsevier, vol. 7(1), pages 26-37, January.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:hal:journl:halshs-00758892. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CCSD).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.