{"id":"https://openalex.org/W1964568775","doi":"https://doi.org/10.1787/fmt-v2009-art16-en","title":"Expanded guarantees for banks","display_name":"Expanded guarantees for banks","publication_year":2010,"publication_date":"2010-02-25","ids":{"openalex":"https://openalex.org/W1964568775","doi":"https://doi.org/10.1787/fmt-v2009-art16-en","mag":"1964568775"},"language":"en","primary_location":{"id":"doi:10.1787/fmt-v2009-art16-en","doi":"https://doi.org/10.1787/fmt-v2009-art16-en","is_oa":false,"landing_page_url":"https://doi.org/10.1787/fmt-v2009-art16-en","pdf_url":null,"source":{"id":"https://openalex.org/S4210171866","display_name":"OECD Journal Financial Market Trends","issn_l":"1995-2864","issn":["1995-2864","1995-2872"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310320232","host_organization_name":"Organization for Economic Cooperation and Development","host_organization_lineage":["https://openalex.org/P4310320232"],"host_organization_lineage_names":["Organization for Economic Cooperation and Development"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"OECD Journal: Financial Market Trends","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5045683130","display_name":"Sebastian Schich","orcid":"https://orcid.org/0000-0002-2825-6839","observed_orcids":["https://orcid.org/0000-0002-2825-6839"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Sebastian Schich","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5045683130"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":6.129,"has_fulltext":false,"cited_by_count":21,"citation_normalized_percentile":{"value":0.9582185,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"2009","issue":"2","first_page":"55","last_page":"89"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9800000190734863,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9800000190734863,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13074","display_name":"Global Financial Regulation and Crises","score":0.014100000262260437,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14112","display_name":"Economic, financial, and policy analysis","score":0.0010999999940395355,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/bank-guarantees","display_name":"bank guarantees","score":0.9319999814033508},{"id":"https://openalex.org/keywords/government-guarantees","display_name":"state guarantees","score":0.4650000035762787},{"id":"https://openalex.org/keywords/financial-crises","display_name":"financial crisis","score":0.5429999828338623},{"id":"https://openalex.org/keywords/social-safety-nets","display_name":"social safety nets","score":0.6320000290870667},{"id":"https://openalex.org/keywords/moral-hazard","display_name":"moral hazard","score":0.7149999737739563},{"id":"https://openalex.org/keywords/fiscal-costs","display_name":"fiscal costs","score":0.7170000076293945},{"id":"https://openalex.org/keywords/contingent-liabilities","display_name":"contingent liabilities","score":0.9340000152587891},{"id":"https://openalex.org/keywords/distortion-of-competition","display_name":"competition distortion","score":0.718999981880188},{"id":"https://openalex.org/keywords/exit-strategy","display_name":"exit strategy","score":0.5519999861717224},{"id":"https://openalex.org/keywords/international-coordination","display_name":"international coordination","score":0.5419999957084656},{"id":"https://openalex.org/keywords/public-insurance","display_name":"public insurance","score":0.5},{"id":"https://openalex.org/keywords/bank-resolution","display_name":"bank resolution","score":0.328000009059906}],"concepts":[{"id":"https://openalex.org/C2780202544","wikidata":"https://www.wikidata.org/wiki/Q44454","display_name":"Moral hazard","level":3,"score":0.6812604069709778},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.6769123673439026},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.573340892791748},{"id":"https://openalex.org/C2778137410","wikidata":"https://www.wikidata.org/wiki/Q2732820","display_name":"Government (linguistics)","level":2,"score":0.5219454169273376},{"id":"https://openalex.org/C200288055","wikidata":"https://www.wikidata.org/wiki/Q2621792","display_name":"Element (criminal law)","level":2,"score":0.4910149574279785},{"id":"https://openalex.org/C91306197","wikidata":"https://www.wikidata.org/wiki/Q45767","display_name":"Competition (biology)","level":2,"score":0.4624924957752228},{"id":"https://openalex.org/C14036430","wikidata":"https://www.wikidata.org/wiki/Q3736076","display_name":"Function (biology)","level":2,"score":0.4436627924442291},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.42170554399490356},{"id":"https://openalex.org/C26517878","wikidata":"https://www.wikidata.org/wiki/Q228039","display_name":"Key (lock)","level":2,"score":0.41418159008026123},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.356326162815094},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.2122287154197693},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.09138926863670349},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.08430424332618713},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C78458016","wikidata":"https://www.wikidata.org/wiki/Q840400","display_name":"Evolutionary biology","level":1,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1787/fmt-v2009-art16-en","doi":"https://doi.org/10.1787/fmt-v2009-art16-en","is_oa":false,"landing_page_url":"https://doi.org/10.1787/fmt-v2009-art16-en","pdf_url":null,"source":{"id":"https://openalex.org/S4210171866","display_name":"OECD Journal Financial Market Trends","issn_l":"1995-2864","issn":["1995-2864","1995-2872"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310320232","host_organization_name":"Organization for Economic Cooperation and Development","host_organization_lineage":["https://openalex.org/P4310320232"],"host_organization_lineage_names":["Organization for Economic Cooperation and Development"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"OECD Journal: Financial Market Trends","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Peace, justice, and strong institutions","score":0.4399999976158142,"id":"https://metadata.un.org/sdg/16"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":15,"referenced_works":["https://openalex.org/W1559406124","https://openalex.org/W1560790829","https://openalex.org/W1602523085","https://openalex.org/W2018412826","https://openalex.org/W2059172742","https://openalex.org/W2063555724","https://openalex.org/W2083716262","https://openalex.org/W2115078397","https://openalex.org/W2123572934","https://openalex.org/W2132701869","https://openalex.org/W2886160393","https://openalex.org/W3123444540","https://openalex.org/W3123991611","https://openalex.org/W4251172221","https://openalex.org/W4253366809"],"related_works":["https://openalex.org/W7099356286","https://openalex.org/W7096056522","https://openalex.org/W2059172742","https://openalex.org/W4409948986","https://openalex.org/W2754451188","https://openalex.org/W2269241319","https://openalex.org/W3123444540","https://openalex.org/W2085658319","https://openalex.org/W2085003780","https://openalex.org/W2172211207"],"abstract_inverted_index":{"This":[0],"article":[1],"argues":[2],"that":[3,121,134],"the":[4,9,23,27,32,38,41,48,57,62,67,135,185],"expansion":[5,63,136],"of":[6,11,22,40,50,53,64,69,137,188],"existing":[7],"and":[8,110,169,173],"introduction":[10],"new":[12],"guarantees":[13,65,123,138],"for":[14,44,184],"financial":[15,29],"institutions":[16],"has":[17,66,139,152],"been":[18,141,150],"a":[19,51,119,180],"key":[20],"element":[21],"policy":[24,59],"response":[25,60],"to":[26,76,108,193],"recent":[28],"crisis.":[30],"Essentially,":[31],"government":[33],"expanded":[34],"its":[35],"role":[36],"as":[37,142,147,179],"provider":[39],"safety":[42],"net":[43],"banks":[45],"by":[46],"adopting":[47],"function":[49],"guarantor":[52],"last":[54],"resort.":[55],"Among":[56],"various":[58],"measures,":[61],"benefit":[68],"entailing":[70],"lower":[71],"upfront":[72,92],"fiscal":[73,93,98],"costs":[74,102,160],"relative":[75],"other":[77],"options.":[78],"Guarantees":[79],"are":[80],"not":[81,89,140],"without":[82],"cost":[83],"however.":[84],"Even":[85],"if":[86],"they":[87,95],"do":[88],"generate":[90],"significant":[91],"costs,":[94],"create":[96],"contingent":[97],"liabilities.":[99],"Other":[100],"potential":[101],"include":[103],"those":[104],"arising":[105,161],"from":[106,162],"distortions":[107],"competition":[109],"incentives":[111],"(moral":[112],"hazard).":[113],"For":[114],"example,":[115],"there":[116],"may":[117],"be":[118,126,194],"perception":[120],"similar":[122],"will":[124],"always":[125],"made":[127],"available":[128],"at":[129],"low":[130],"costs.":[131,156],"The":[132],"fact":[133],"closely":[143],"co-ordinated":[144],"across":[145],"borders":[146],"might":[148],"have":[149],"desired":[151],"resulted":[153],"in":[154,164],"additional":[155,159],"To":[157],"avoid":[158],"inconsistencies":[163],"exit":[165],"strategies,":[166],"close":[167],"communication":[168],"coordination":[170],"regarding":[171],"pricing":[172],"timing":[174],"issues":[175],"is":[176],"required,":[177],"especially":[178],"more":[181],"formal":[182],"framework":[183],"public":[186],"provision":[187],"insurance":[189],"would":[190],"still":[191],"need":[192],"developed.":[195]},"counts_by_year":[{"year":2020,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":4},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":4}],"updated_date":"2026-09-29T14:09:16.559479","created_date":"2016-06-24T00:00:00"}