Lender of Last Resort and Too-Big-To-Fail Hypothesis.

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F14%3A86091270" target="_blank" >RIV/61989100:27510/14:86091270 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Lender of Last Resort and Too-Big-To-Fail Hypothesis.
Original language description
The persuasion of management of (mainly large) financial institutions that the government does not let them to fail (too-big-to-fail hypothesis) has been considered as one of the most serious reasons for the recent banking (resp. financial and economic)crisis. This attitude of bank management gives rise to a moral hazard as it makes banks more susceptible to risk-taking. A part of the safety net protecting banks from failure is the lender of last resort. In this paper, we focus on important arguments that are discussed in connection with the too-big-to-fail hypothesis and lender of last resort. A principal solution of TBTF problem certainly rests in smaller and thus more transparent depository institutions. The majority of small depositors do not useor need the banking services and activities of large global multifunctional financial conglomerates. They do not need complicated financial instruments in financial markets. That is the reason why corresponding restrictions on selected ac
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 14th International Conference on Finance and Banking : 16-17 October 2013, Ostrava, Czech Republic
ISBN
978-80-7248-939-8
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
314-322
Publisher name
Silesian University, School of Business Administration
Place of publication
Karviná
Event location
Ostrava
Event date
Oct 16, 2013
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000345575000036

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