书目名称 | From Saviour to Guarantor | 副标题 | EU Member States’ Ec | 编辑 | Fabio Bassan,Carlo D. Mottura | 视频video | | 丛书名称 | Roma Tre Business and Finance Collection | 图书封面 |  | 描述 | 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. | 出版日期 | Book 2015 | 关键词 | Euro; ESM; banking system; guarantee contract; government guarantee; default risk; dependence structure; ba | 版次 | 1 | doi | https://doi.org/10.1057/9781137441560 | isbn_ebook | 978-1-137-44156-0 | copyright | Fabio Bassan and Carlo D. Mottura 2015 |
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