Téléchargez le livre :  From Saviour to Guarantor

From Saviour to Guarantor

EU Member States' Economic Intervention During the Financial Crisis

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Éditeur :

Palgrave Macmillan


Collection :

Roma Tre Business and Finance Collection

Paru le : 2015-08-25



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Description
State guarantees commonly function as financial panacea, allowing states to consolidate banking systems and create intergovernmental funds. Rules surrounding state guarantees were relaxed during the 2007-2008 financial crisis, allowing states to use them for financing small and medium-sized enterprises (SMEs) and workers' severance payments. Despite many multi-level interventions in many areas after the financial crisis, from international treaties to EU regulations, no specific regulation has been put in place to control state guarantees. This book addresses the subject of state guarantees in the Eurozone, and questions the stability of the instruments implemented so far by states and by the European Union. Using a methodology combining law and finance, it examines the tools adopted by European institutions and Member States in the EU's evolving institutional context, in order to evaluate the effectiveness of the tools themselves as well as of the new European institutional framework. It also addresses the unconventional measures adopted by the European Central Bank, its role as safeguard for European state guarantees and its interaction with the European Union and national courts. In From Saviour to Guarantor the authors suggest that the absence of specific regulatory interventions and the variety and vagueness of existing rules has resulted in state guarantees further destabilising public international finance.
Pages
159 pages
Collection
Roma Tre Business and Finance Collection
Parution
2015-08-25
Marque
Palgrave Macmillan
EAN papier
9781137441553
EAN PDF
9781137441560

Informations sur l'ebook
Nombre pages copiables
1
Nombre pages imprimables
15
Taille du fichier
3205 Ko
Prix
94,94 €