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La subasta de activos financieros como estrategia para la reducción del costo de rescates bancarios originados por las crisis financieras

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  • Escalante Fernández, José Juan
  • López Cardoza, Mónica Isabel

Abstract

Since the seventies until the present many countries have experienced banking crises. These phenomena, which have been caused by a combination of both internal and external macro and microeconomic factors, have happened in both developed and undeveloped countries. They demonstrated the fragility of the financial system under the explosive growth in the volume of transactions and the growing complexity of financial instruments. This paper presents the factors that give rise to financial crises, outlines the decisions which the authorities initially took for its containment, as well as shows and analyzes the auction of financial assets as a strategy used to reduce the cost of resolution of itself.

Suggested Citation

  • Escalante Fernández, José Juan & López Cardoza, Mónica Isabel, 2009. "La subasta de activos financieros como estrategia para la reducción del costo de rescates bancarios originados por las crisis financieras," Entelequia. Revista Interdisciplinar, Entelequia y Servicios Académicos Intercontinentales SL, issue 9, pages 1-36, Spring.
    • Handle: RePEc:erv:ancoec:y:2009:i:9:p:1-36
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    More about this item

    Keywords

    Banking crises; financial assets; bank bailouts;
    All these keywords.

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts

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