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Organiser la résolution des crises bancaires transfrontières

Author

Listed:
  • Nadège Jassaud
  • Ceyla Pazarbasioglu

Abstract

The enhanced coordination proposal put forward by the IMF is a pragmatic approach to address the cross-border resolution challenges in a manner that is achievable in the near future. The approach would form the basis for incremental progress being made as more and more countries voluntarily adhere to the framework over time. The ?carrot? that would encourage countries to do so would be the possibility of a more effective and value-preserving international resolution. In the near term, a limited group of countries that already meet the standards could begin to cooperate amongst themselves. To the extent that these countries include the world?s principal financial centers, such cooperation would represent a major step forward. As other countries (e.g., developing countries and emerging markets) adhere to the standards over time, the circle of cooperation would expand. It would therefore represent a pragmatic and achievable mechanism for the strengthening of international cooperation worldwide. Classification JEL: F33, G01, G28.

Suggested Citation

  • Nadège Jassaud & Ceyla Pazarbasioglu, 2011. "Organiser la résolution des crises bancaires transfrontières," Revue d'économie financière, Association d'économie financière, vol. 0(1), pages 205-218.
  • Handle: RePEc:cai:refaef:ecofi_101_0205
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    More about this item

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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