NDLI: Systemic Financial Crises. How to Fund Resolution.

Content Provider	OECD iLibrary
Author	Schich, Sebastian Kim, Byoung-Hwan
Abstract	Systemic financial crises are a recurrent phenomenon, and despite regulatory efforts they are likely to occur again. This report compares the ex ante funding of deposit insurance schemes in a selection of countries, highlighting the "funding gap" left by these arrangements in the recent systemic financial crisis. To fill that gap, different approaches have been adopted across countries in the recent crisis. Where support for the financial sector was provided as part of policy response to the crisis, new taxes have been adopted to generate revenues ex post, although the specific approaches have differed. While there is no single solution in this regard, this report finds that ex ante funded systemic crisis resolution funds, together with strengthened failure resolution powers, are in principle adequate to help fill the gap. JEL Classification: E44, G01, G21, G28, E61, H21. Keywords: systemic financial crisis, systemic crisis resolution fund, deposit insurance, financial activities taxes, ex ante versus ex post funding.
Page Count	34
Starting Page	1
Ending Page	34
Volume Number	2010
Issue Number	2
Language	English
Publisher	OECD Publishing
Publisher Date	2011-03-18
Access Restriction	Open
Subject Keyword	Finance and Investment
Content Type	Text
Resource Type	Article

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2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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Systemic Financial Crises. How to Fund Resolution.