01792cas a2200253 a 4500 AALejournalIMF009045 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451863871 1018-5941 BD-DhAAL BD-DhAAL Teixeira, Pedro Gustavo. The Lender of Last Resort in the European Single Financial Market / Pedro Gustavo Teixeira, Garry Schinasi. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines challenges in effectively implementing the lender-of-last-resort function in the EU single financial market. Briefly highlighted are features of the EU financial landscape that could increase EU systemic financial risk. Briefly described are the complexities of the EU's financialstability architecture for preventing and resolving financial problems, including lender-of-last-resort operations. The paper examines how the lender-of-last-resort function might materialize during a systemic financial disturbance affecting more than one EU member state. The paper identifies challenges and possible ways of enhancing the effectiveness of the existing architecture. Mode of access: Internet Schinasi, Garry. IMF Working Papers; Working Paper ; No. 2006/127 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/127/001.2006.issue-127-en.xml IMF e-Library