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Public Guarantees on Bank Bonds Effectiveness and Distortions /

The government guarantees on bank bonds adopted in 2008 in many advanced economies to support the banking systems were broadly effective in resuming bank funding and preventing a credit crunch. The guarantees, however, also caused distortions in the cost of bank borrowing. Their reintroduction might...

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Corporate Author: OECD iLibrary.
Other Authors: Grande, Giuseppe ., Levy, Aviram., Panetta, Fabio ., Zaghini, Andrea .
Format: Online
Language:English
Published: Paris : OECD Publishing, 2012.
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Online Access:Online version
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