Document Type
Survey
Case Series
Account Guarantee Programs
JEL Codes
G01, G28
Abstract
This paper surveys 27 account guarantee (AG) programs across 14 Key Design Decisions. The main themes that emerge are: (a) the importance of considering the effects of AG programs on other parts of the financial system or other jurisdictions, (b) the ability to address moral hazard through heightened supervision, which removes a potential obstacle to adopting AG programs in response to the acute phase of crises, (c) the necessity of developing guarantees that are credible and timely, and (d) the need to design standing AG programs with an eye toward how they will function during crises.
Recommended Citation
McNamara, Christian M.; Kulam, Adam; Feldberg, Greg; and Metrick, Andrew
(2022)
"Account Guarantee Survey,"
Journal of Financial Crises: Vol. 4
:
Iss. 2, 40-85.
Available at:
https://elischolar.library.yale.edu/journal-of-financial-crises/vol4/iss2/2
Date Revised
2022-07-15
Included in
Economic Policy Commons, Finance and Financial Management Commons, Macroeconomics Commons, Policy Design, Analysis, and Evaluation Commons, Policy History, Theory, and Methods Commons, Public Administration Commons