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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP11600 |
DP11600 Resolution of International Banks: Can Smaller Countries Cope? | |
Dirk Schoenmaker | |
发表日期 | 2016-11-03 |
出版年 | 2016 |
语种 | 英语 |
摘要 | The stability of a banking system ultimately depends on the strength and credibility of the fiscal backstop. While large countries can still afford to resolve large global banks on their own, small and medium-sized countries face a policy choice. This paper investigates the impact of resolution on banking structure. The financial trilemma model indicates that smaller countries can either conduct joint supervision and resolution of their global banks (based on single point of entry resolution) or reduce the size of their global banks and move to separate resolution of these banks’ national subsidiaries (based on multiple point of entry resolution). Our empirical results show that the euro-area countries are heading for joint resolution based on burden sharing, while the UK and Switzerland have started a process of downsizing their banks. |
主题 | Financial Economics |
关键词 | Global financial architecture International banks Burden sharing Resolution planning Single point of entry Multiple point of entry |
URL | https://cepr.org/publications/dp11600 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540414 |
推荐引用方式 GB/T 7714 | Dirk Schoenmaker. DP11600 Resolution of International Banks: Can Smaller Countries Cope?. 2016. |
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