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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2014

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

9

Strana od-do

314-322

Název nakladatele

Silesian University, School of Business Administration

Místo vydání

Karviná

Místo konání akce

Ostrava

Datum konání akce

16. 10. 2013

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000345575000036