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The paper explores incentives created by the German Bank Restructuring Act for investors holding assets in systemically … to forego risks by curbing promises of systemic support. Adverse consequences result from the fact that the Bank …
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Financial crises have become an all-too-common occurrence over the past twenty years, largely as a result of changes in finance brought about by increasing internationalization and integration. As domestic financial systems and economies become more interlinked, weaknesses can significantly...
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