Bail-in in action
In the aftermath of the European sovereign debt crisis, the question of who should bear the burden of banking crises has been a cornerstone of the new supervisory framework in Europe. We evaluate the bail-in regulation (BRRD) for bank bond holdings using a proprietary database covering holdings of all euro-denominated securities. We focus on hard-to-value bailinable bank bonds and show that banks increased their holdings of bailinable bank bonds while households and non-financial corporations reduced their holdings of bailinable bonds issued by riskier banks
Year of publication: |
[2024]
|
---|---|
Other Persons: | Marqués Ibáñez, David (contributor) ; Santilli, Gianluca (contributor) ; Scardozzi, Giulia (contributor) |
Institutions: | European Central Bank (issuing body) |
Publisher: |
[Frankfurt am Main] : [European Central Bank] |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Marqués Ibáñez, David, (2024)
-
Marqués Ibáñez, David, (2024)
-
Marqués Ibáñez, David, (2024)
- More ...