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| (EFSF).
| | ''Bank funding'' |
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| The European Financial Stability Facility was established in 2010 as a temporary rescue mechanism to safeguard financial stability in Europe by providing financial assistance to selected Euro zone Member States.
| | Deposits and other sources of bank funding are considered 'flighty' if they are likely to be withdrawn under conditions of stress. |
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| The EFSF provided assistance to Ireland, Portugal and Greece.
| | Larger deposits and professionally managed money tend to be more flighty. |
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| The EFSF's role in providing further financial assistance was replaced by the European Stability Mechanism (ESM) in 2012.
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| However, the EFSF continues to operate in order to:
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| *Receive loan repayments from Ireland, Portugal and Greece.
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| *Make interest and principal payments to holders of EFSF bonds.
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| *Roll over outstanding EFSF bonds, as the maturity of loans provided to Ireland, Portugal and Greece is longer than the maturity of outstanding bonds issued by the EFSF.
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| == See also == | | == See also == |
| * [[euro zone]] | | * [[Deposit]] |
| * [[European Stability Mechanism]] | | * [[Flight to quality]] |
| * [[Facility]] | | * [[Funding]] |
| * [[Financial ]] | | * [[Retail]] |
| * [[Financial crisis]] | | * [[Stability]] |
| * [[Fiscal]] | | * [[Sticky]] |
| * [[Stability Bond]] | | * [[Stress]] |
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| ==External link==
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| [https://www.esm.europa.eu/efsf-overview Before the ESM - EFSF - the temporary fiscal backstop]
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| [[Category:The_business_context]]
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| [[Category:Financial_risk_management]]
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Revision as of 22:11, 27 November 2016
Bank funding
Deposits and other sources of bank funding are considered 'flighty' if they are likely to be withdrawn under conditions of stress.
Larger deposits and professionally managed money tend to be more flighty.
See also
