La garantía del Estado frente a la crisis económica

Authors

  • Jorge García-Andrade Gómez

DOI:

https://doi.org/10.18042/cepc/rap.201.04

Keywords:

Government guarantees, public collateral, public bailouts, market economy, economic sustainability

Abstract

During the economic crisis public authorities have bailed out companies and other authorities by granting fi nancial guarantees. This intensive use of government guarantees requires a revision of its regulation, which was designed for times of economic normality. Meanwhile, it disrupts relations between the guarantor powers and the bailed-out institutions.