But such an implicit guarantee created moral hazard: heads the bank wins, tails the taxpayer loses.
For years, Fannie and Freddie operated as two separate entities with an implicit guarantee from the government.
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To a lot of people, it seemed like there was an implicit guarantee from the U.S. government.
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Britons seem to have an abiding faith in the existence of an implicit floor under house prices.
In 1991 Chile imposed an implicit tax on inflows of short-term capital to reduce the aggregate inflow.
An implicit assumption in the model is that unused resources would remain unused in the absence of some project.
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Rather, I suspect the co-op has an implicit social norm against doing so.
Customers buying a handset have an implicit contract that they will be kept as up to date as possible.
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On the fuel side, we have ethanol subsidies and the Renewable Fuel Standard, which is an implicit subsidy program.
My client testified that the broker had told him Fannie's preferred stock was backed by an implicit government guaranty.
Assume that America's top five investment banks would pay two percentage points more on unsecured borrowings without an implicit guarantee.
Credit ratings for Dubai-owned companies now reflect this lesson, based on a fundamental credit outlook, not an implicit government backstop.
"For many decades, banks enjoyed an implicit government guarantee, " said Harald Benink, professor of banking and finance at Tilburg University.
It is an implicit denial of the cognitive framework by which we order our lives, our businesses, and our civilization.
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Gaborik was directly in front of him, and there was an implicit expectation of what Gaborik was supposed to do now.
They became a focus for intellectual life and could be seen as an implicit rival to the mosque as a meeting place.
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Moreover, there is an implicit and prevalent assumption in the analyses that such knowledge is attainable both prior to and during war.
Nor is there much pressure from big shareholders to increase profits: the cross-shareholdings of the keiretsu come with an implicit non-aggression pact.
They've long enjoyed an implicit guarantee on their debt from the government.
Over the past few years, an implicit weak dollar policy by the Federal Reserve has stimulated enormous growth in the U.S. stock market.
An implicit or indirect tax, by popular consent of the governing and governed, is not a tax at all and is therefore employed.
And your facial expressions can also act as an implicit way of issuing commands to the TV without you even thinking about it.
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People are more likely to understand an explicit rather than an implicit message, especially in western societies where directness is considered a virtue.
These networks are driven by an implicit deal by each of the three groups to protect their mutual interests and to recognize specific obligations.
Further, online and mobile shopping adds an implicit level of competition for Avon, as it offers consumers the same convenience of shopping from home.
But, he said, the committee worried that if the companies remained too large, they would still be considered to carry an implicit backing from the U.S. government.
The Saudi state, however, is built on an implicit alliance between the ruling family and followers of a puritan version of Islam sometimes called Wahhabism.
"There has been an implicit assumption that if we just generated enough gene data it would coalesce magically into a complete understanding of cancer, " says H.
Banks in China prefer loans that are secured by land, buildings and equipment, and are most comfortable lending to state-owned enterprises where there is an implicit government guaranty.
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