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up with their bail-out through State support; the second, meant to replace taxpayers-funded bail-outs with the adoption …
Persistent link: https://www.econbiz.de/10012929569
The bail-in tool as implemented in the European bank resolution framework suffers from severe shortcomings. To some extent, the regulatory framework can remedy the impediments to the desirable incentive effect of private sector involvement (PSI) that emanate from a lack of predictability of...
Persistent link: https://www.econbiz.de/10011720767
Bailouts: Public Money, Private Profit EDITED BY ROBERT E. WRIGHT COLUMBIA UNIVERSITY PRESS | NEW YORK A COLUMBIA/SSRC BOOK CONTENTS INTRODUCTION To Bail or Not to Bail? 1 ROBERT E. WRIGHT CHAPTER ONE Hybrid Failures and Bailouts: Social...
Persistent link: https://www.econbiz.de/10014452958
Economists have dominated U.S. scholarship about the S&L debacle and they have universally viewed the regulatory response as horrific. This paper argues that the conventional economic wisdom is badly flawed. The U.S. regulatory response to the debacle was disastrous – when economists shaped it...
Persistent link: https://www.econbiz.de/10013148988
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likelihood of a bank bailout or failure during the late 2000s financial crisis. The empirical results indicate that established … received bailout funds are similar except that holding a large proportion of nonperforming loans reduced the likelihood that a … bank received bailout funds. Overall, these results are consistent with regulators providing bailout funds to banks that …
Persistent link: https://www.econbiz.de/10013008003
Persistent link: https://www.econbiz.de/10009517467
There is a growing consensus that the U.S. government programs of bailing out the large financial institutions is deeply flawed, and that there are much better ones available. The programs of the U.S. for the purchase of toxic assets potentially transfer trillions of dollars from the US taxpayer...
Persistent link: https://www.econbiz.de/10013159990
Introduction : our message and methods -- What is the problem? -- Why protection is costly -- How pervasive is TBTF? -- Why protect TBTF creditors? -- The growth of TBTF protection -- Testing our thesis : the cases of not too big to fail -- Can the problem be addressed? -- Creating the necessary...
Persistent link: https://www.econbiz.de/10013544072