The bank deposit and wholesale guarantees of 12 October 2008: An appraisal

Hogan, W

The bank deposit and wholesale guarantees of 12 October 2008: An appraisal

Hogan, W

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Publisher:: ANU College of Business & Economics
Publication Type:: Journal Article
Citation:: Agenda, 2009, 16 (2), pp. 5 - 17
Issue Date:: 2009-01

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Field	Value	Language
dc.contributor.author	Hogan, W	en_US
dc.date.issued	2009-01	en_US
dc.identifier.citation	Agenda, 2009, 16 (2), pp. 5 - 17	en_US
dc.identifier.issn	1322-1833	en_US
dc.identifier.uri	http://hdl.handle.net/10453/8309
dc.description.abstract	The Australian Government's guarantee of funds lodged with deposit-taking entities in Australia, and of security issues by Australian banks, has fostered support for smaller and less well-placed financial entities compared to the four major Australian banks. In applying in these settings there is a prospect of moral hazard in the benefited entities. With respect to the issue guarantee, there are grounds for expecting the prudential authorities to take steps to ensure that the funding support is not dissipated in fostering more risky asset portfolios.	en_US
dc.publisher	ANU College of Business & Economics	en_US
dc.relation.ispartof	Agenda	en_US
dc.title	The bank deposit and wholesale guarantees of 12 October 2008: An appraisal	en_US
dc.type	Journal Article
utslib.citation.volume	2	en_US
utslib.citation.volume	16	en_US
utslib.for	1402 Applied Economics	en_US
utslib.for	1605 Policy and Administration	en_US
utslib.for	1502 Banking, Finance and Investment	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
utslib.copyright.status	open_access
pubs.consider-herdc	true	en_US
pubs.issue	2	en_US
pubs.volume	16	en_US

Abstract:

The Australian Government's guarantee of funds lodged with deposit-taking entities in Australia, and of security issues by Australian banks, has fostered support for smaller and less well-placed financial entities compared to the four major Australian banks. In applying in these settings there is a prospect of moral hazard in the benefited entities. With respect to the issue guarantee, there are grounds for expecting the prudential authorities to take steps to ensure that the funding support is not dissipated in fostering more risky asset portfolios.

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http://hdl.handle.net/10453/8309