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'Too-big-to-fail' financial institutions: risks and remedies

Author

Listed:
  • Fabio Panzera
  • Sergio Rossi

Abstract

Too-big-to-fail (TBTF) institutions pose a systemic threat to financial stability, as they exploit the implicit guarantee offered by the State to further increase their businesses as well as the risks they raise for taxpayers. Although TBTF problems have been widely debated in the literature, practical solutions are still lacking in all advanced economies around the world. This paper puts forward a structural reform of banks' bookkeeping, with the aim of refining the latter in order to make it fully transparent, to gain the competitive advantage that results from a financial industry that is more resilient to systemic risks and crises.

Suggested Citation

  • Fabio Panzera & Sergio Rossi, 2011. "'Too-big-to-fail' financial institutions: risks and remedies," International Journal of Trade and Global Markets, Inderscience Enterprises Ltd, vol. 4(3), pages 311-327.
    • Handle: RePEc:ids:ijtrgm:v:4:y:2011:i:3:p:311-327
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    Cited by:

    1. Panzera, Fabio S., 2011. "Price stability and financial imbalances: rethinking the macrofinancial framework after the 2007-8 financial crisis," FSES Working Papers 423, Faculty of Economics and Social Sciences, University of Freiburg/Fribourg Switzerland.

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