Global Financial Safety Net: New Challenges and Directions for Development under the Influence of the Current Financial Crisis

Author(s):  
Amangeldy S. Issenov
2015 ◽  
Vol 1 (3) ◽  
pp. 243-258
Author(s):  
Marcin Gospodarowicz

The article attempts to review the changes in the deposit guarantee systemresulting from the global financial crisis. There were two stages of regulatorychanges. One in the initial years of the crisis (2008-2009) when the changes werereactive in nature and focused in particular on raising the guarantee limits andrelief operations. As can be seen from the example of regulatory action in theEuropean Union, the present stage of changes in the deposit guarantee system ischaracterized by a systemic approach which attempts to position anew depositguarantees in the context of the financial safety net, particularly against thedevelopment of resolution procedures.


Policy Papers ◽  
2013 ◽  
Vol 2013 (85) ◽  
Author(s):  

Following the global financial crisis of 2008-09, regional financing arrangements (RFAs) have been recognized as an important layer of the global financial safety net. This paper summarizes the current landscape of RFAs, and discusses IMF-RFA coordination to date and options for enhancing cooperation going forward. In so doing, it intends to contribute to discussions underway at international fora and solicit views from the Fund and RFA memberships on how to enhance cooperation


Author(s):  
Harald Wixforth

AbstractThe current financial crisis has provoked keen discussion on how to analyze and compare similar types of crises, in order that we might be able to draw lessons from history. This article attempts to outline different instruments of comparison. It also tries to compare the German 1931 banking crisis to the current crisis, in order to highlight parallels and differences.


2011 ◽  
Author(s):  
Harry Huizinga ◽  
Ata Can Bertay ◽  
Asli Demirgüç-Kunt

2020 ◽  
Vol 19 (3) ◽  
pp. 111-125
Author(s):  
Peter J. Morgan

This paper argues that there is a role for regional-level institutions of banking regulation in the ASEAN region. This is particularly important in an environment of increasing financial integration and harmonization, including exposures to shocks from volatile capital flows and cross-border banking institutions. The paper examines four aspects of financial regulation: microprudential regulation, macroprudential regulation, resolution capacity and deposit insurance, and a financial safety net. The paper argues that EU regional banking regulation provides a useful reference point, but the lower degree of credit market openness in ASEAN implies that a more nuanced approach can be adopted, and makes specific recommendations.


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