Crisis Management and Lender of Last Resort in the European Banking Market



We discuss some key issues related to supervisory arrangements in the Euro-system countries. In particular, we address the lender of last resort (LOLR) structure and the related crisis management framework. We focus on the responsibilities and powers of individual countries (and national central banks) vis-à-vis those at the European level (EU and ECB). In this context, various issues will be raised relating to the effectiveness and efficiency of the arrangements and, specifically, the role and positioning of the LOLR in light of the fragmented supervisory structure. We will discuss potential paths forward.


Central Bank Euro Area Crisis Management Interbank Market Credit Rating Agency 
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Copyright information

© Springer Science+Business Media, LLC 2009

Authors and Affiliations

  1. 1.Amsterdam Center for Law & EconomicsUniversity of Amsterdam, Roetersstraat 11AmsterdamThe Netherlands

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