如何构建有效的金融机构危机处置机制?

Toward Building a More Effective Resolution Regime: Progress and Challenges

2008年的金融危机令西方一些大型金融机构出现问题,也让政策制定者在任其倒闭和进行救助之间进退维谷。本文详细介绍了第三种选择,即通过加强监管改革,构建有效的处置机制来应对危机中的金融机构。

The financial turmoil of 2008 has caused problems for some of the large financial firms in western countries. The policy-makers have also caught in between bailout and disruptive bankruptcy. In this paper, the author puts forward a third alternative, to strengthen regulatory reform, to build an effective resolution mechanism for resolving financial frms in a crisis.