Systemic risks and the 'too-big-to-fail' problem'

The financial crisis of 2007--9 resulted in state intervention in financial markets around the world, and the state became a major shareholder in many banks. While state bailouts were politically sensitive, policy-makers had little alternative but to supply funds to financial institutions that were...

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Bibliographic details
Volume: 27
Main Author: Morrison, Alan D
Format: Journal Article
Language: English
Place of publication: Oxford University Press 2011
published in: Oxford Review of Economic Policy Vol. 27; no. 3; pp. 498 - 516
Data of publication: 2011
Series: Oxford Review of Economic Policy
Online Access: available in Bonn?
Database: RePEc
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