Boot, Arnoud W. A.; Carletti, Elena; Kotz, Hans-Helmut; … - 2021
With the second wave of the Covid-19 pandemic in full swing, banks face a challenging environment. They will need to … systemic crisis. The policy responses available range from forbearance, recapitalization (with public or private resources …), asset separation (bad banks, at national or EU level), to debt conversion schemes. We evaluate these responses according to …