Public Guarantees on Bank Bonds Effectiveness and Distortions /
The government guarantees on bank bonds adopted in 2008 in many advanced economies to support the banking systems were broadly effective in resuming bank funding and preventing a credit crunch. The guarantees, however, also caused distortions in the cost of bank borrowing. Their reintroduction might...
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| Other Authors: | , , , |
| Format: | Electronic Book Chapter |
| Language: | English |
| Published: |
Paris :
OECD Publishing,
2012.
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| Subjects: |
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