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The Financial Safety Net – a Necessity in a Turbulent Financial World

Author

Listed:
  • Peter BALOGH

    (Babes-Bolyai University, Cluj-Napoca, Romania)

  • Nicu TOCU

    (Alexandru Ioan Cuza University, Iasi, Romania)

Abstract

Over the last years we observed that whenever crisis hits, interest in guarantee arrangements rises. The current financial crisis is no exception in this respect. It turns the spotlight on the operation of the financial safety net and provides policy makers with a unique opportunity to monitor its performance and, more specifically, to identify its strengths and weaknesses. This paper focuses on the way parts of the financial safety net work and places a special emphasis on the growing role of these safety nets in our turbulent financial world.

Suggested Citation

  • Peter BALOGH & Nicu TOCU, 2011. "The Financial Safety Net – a Necessity in a Turbulent Financial World," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 311-317.
    • Handle: RePEc:ddj:fserec:y:2011:p:311-317
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    References listed on IDEAS

    as
    1. Sebastian Schich, 2009. "Financial crisis: Deposit insurance and related financial safety net aspects," OECD Journal: Financial Market Trends, OECD Publishing, vol. 2008(2), pages 1-39.
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