Just as a family backstops its savings with insurance, countries should be able to tap into a global financial safety net.

British politicians responded by reforming the social safety net.

But that private sector safety net of savings is fraying.

This was a high risk strategy without a safety net.

A fully capable regional financial safety net could contain the contagion of financial shocks emanating from individual economies and prevent disruptions to the region s key growth drivers intra regional trade and investment.

A governmental commitment to exclude derivative creditors from any safety net extended when financial institutions fail would reduce future costs to taxpayers from cases like AIG.

To achieve permanent urbanization, China must develop a new safety net.

To respond effectively to crises, East Asian countries must continue to improve the regional financial safety net and surveillance mechanism, while strengthening their cooperation with the IMF.

The so called safety net has suffered accordingly, as have America s poor.

In the future, governments should not bail out failing financial institutions derivative counterparties, even when they provide a safety net to some of these institutions creditors (such as depositors).

Financial Safety Nets for Asia

Individuals are more willing to take risks if there is a good safety net.

It is clear that without an enduring safety net there are no safe havens .

Even as America has stripped away its safety net for people, it has strengthened the safety net for firms, evidenced so clearly in the Great Recession with the bailouts of AIG, Goldman Sachs, and other banks.

The ASEAN framework acts as a safety net and mutual commercial interests should ultimately prevail.

Government spending remains large enough to guarantee reasonable public services and a social safety net.

Indeed, bailouts of failed institutions should never extend the government s safety net to such counterparties.

Implement the Social Safety Net program with special attention to ensure equality of women participation.

Safety Nets The government's safety net programmes includes food subsidies, food support programmes, Tawana Pakistan, and low cost housing, the Pakistan Baitul Mal etc.

They also appreciate the need to build a social safety net and strengthen rural property rights.

For the most part, they resembled high wire artists juggling borrowed money without a safety net.

To be sure, building a social safety net, developing financial markets, and strengthening corporate governance to encourage state enterprises to pay out more of what they earn would encourage Chinese households to consume.

As most of today s financial, environmental, or sanitary crises are unpredictable and ignore borders, it is in everyone s interest to create a global social safety net that will span an indefinite period of time.

Thus, when a large financial firm runs into problems that require a government bailout, the government should be prepared to provide a safety net to depositors and depositor like creditors, but not to bondholders.

The assumption that the German economy will accelerate out of its current crawl is essential to confidence in Europe s financial safety net, and to a banking union that credibly shares risks across the eurozone.

In particular, the government s safety net should never be extended to include the bondholders of such institutions.

An adequately funded safety net could go a long way in tempering the expectations underlying this behavior.

Those very doubts undermine the credibility of the safety net that has been supporting the European periphery.

Once contagion effects within the euro area became ominous, governments reacted by overseeing the Greek adjustment program and by creating the European Financial Stabilization Facility (EFSF), a temporary safety net for other major debtor countries.

And usually the institutions churches, temples, other things do not have the resources to provide a safety net.

Reform must also address the related challenges of a lagging education system and an insufficient social safety net.

First, investments in health provide an important safety net against poverty traps, especially in times of economic upheaval.

Moreover, Russia s demographic crisis continues, sustained by poor public health and inadequate investment in a social safety net.

But, to be clear, no one is thinking of eliminating basic services, or dismantling the social safety net.

With the rapidly changing social environment, even this safety net is fraying, most notably in the urban centres.

It includes developing the services sector, funding the social safety net, liberalizing an antiquated residential permit system (hukou), reforming state owned enterprises, and ending financial repression on households by lifting artificially low interest rates on savings.

But is their heart in it? US Treasury Secretary Timothy Geithner has floated a far reaching overhaul of the financial system, and China s leaders are starting to take steps towards improving the country s social safety net.

They need time to build a social safety net capable of encouraging Chinese households to reduce their precautionary saving.

But how this form of pre packaged bankruptcy could be implemented in a world of widely different legal, political, and banking systems is unclear. Financial history is littered with untested safety net devices that failed in a crisis.

Having reached the epiphany that financial restructuring must be avoided at all costs, the governments of the world have in turn cast a huge safety net over banks (and whole countries in Eastern Europe), woven from taxpayer dollars.

But, unlike banks, they do not have the safety net implied by central banks role as lender of last resort.

Yes, China needs to strengthen its social safety net and to deepen domestic capital markets before consumption can take off.

In the new Five Year Plan for 2011 2015, some binding targets are set for the social safety net reforms.

They also underscore Asian economies need for stronger financial safety nets.

This requires developing a payment culture, as well as providing a safety net for those citizens who cannot afford to pay.