Governments in Eastern Europe cannot credibly match the broad deposit guarantees issued by their Western neighbors, and the generous recapitalizations have brought down Western banks’ relative funding costs, further weakening local institutions’ competitiveness. Finally, many governments explicitly or implicitly restrict parent banks’ ability to use government funds to back up their East European subsidiaries, many of them critical to the stability of the local financial systems.
东欧国家的政府不能有效地满足其西方邻国提出的广泛的存款保证要求，而且慷慨的资本额调整已经降低了西方银行的相对资金成本，从而更进一步削弱了当地机构的竞争力。最后，许多政府明示地或暗示地限制母银行使用政府资金支持其东欧分支机构的能力，而许多这样的分支机构对全球金融系统的稳定至关重要。