. Additionally, I find that the structure of bank resolution appears to be important. Resolutions that include loss …

contracts are written in nominal terms: if prices unexpectedly fall, the real value of banks' existing obligations increases …. Banks default, panics precipitate, economic activity declines. If banks default, aggregate demand for cash increases because … financial intermediation provided by banks disappears. When money supply is unchanged, the price level drops, thereby providing …

are based on real or imagined effects on FDIC revenues, the competitive position of various types of U.S. banks …Under current law, domestic deposits of federally insured banks are subject to a 1/12th of one percent per annum … assessment to foreign branch deposits of insured banks, which in the aggregate amount to more than $200 billion. These arguments …

form of "market discipline:" The extent to which bond issuance penalizes relatively risky banks. Evidence for such …