文章基本信息

标题：Not a Good Fit: The European Banking Authority's New Capital Requirements and the EFSF
本地全文：下载
作者：Gruener ; Hans Peter ; Daniel Patrick Mueller 等
期刊名称：CESifo Forum
印刷版ISSN：1615-245X
出版年度：2011
期号：04
出版社：Ifo Institute for Economic Research
摘要：At present, Europe pursues four different approaches to contain the debt crisis. First, countries with excessive ratios of debt to GDP are to implement policy reforms that – in the medium term – should reduce their debts. Second, a leveraged version of the European Financial Stability Fund (EFSF) has been set up. It is supposed to provide liquidity to Italy and Spain for at least a few months should their refinancing conditions deteriorate further. Third, the European banking authority (EBA) is pushing banks to increase their capital ratios as early as 2012. Fourth, the ECB is continuing to buy government bonds on the secondary market in order to lower their interest rates and maintain their liquidity