Policy insights

Policy Insights

Policy Insight 19: The Need for an Emergency Bank Debt Insurance Mechanism

CEPR Policy Insight 19 proposes the creation of an Emergency Bank Debt Insurance Mechanism (EBDIM) as an alternative to the massive lending of last resort (LLR) operations undertaken by central banks since the start of the subprime crisis.

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Suarez, J (2008), Policy Insight 19: The Need for an Emergency Bank Debt Insurance Mechanism, CEPR Policy Insight No 19, CEPR Press, Paris & London. https://cepr.org/publications/policy-insight-19-need-emergency-bank-debt-insurance-mechanism