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While the lingering economic crisis has drawn much attention to individual products and private sector villains thought to have caused the market meltdown, a pointed study of the full range of government causes (and their attendant depth) has to date proven less attractive to authors and...
Persistent link: https://www.econbiz.de/10013136377
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
This paper analyses the bail-in tool under the BRRD and predicts that it will not reach its policy objective. To make this argument, this paper first describes the policy rationale that calls for mandatory private sector involvement (PSI). From this analysis the key features for an effective...
Persistent link: https://www.econbiz.de/10011711663
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/10011711668
This paper analyzes the bail-in tool under the Bank Recovery and Resolution Directive (BRRD) and predicts that it will not reach its policy objective. To make this argument, this paper first describes the policy rationale that calls for mandatory private sector involvement (PSI). From this...
Persistent link: https://www.econbiz.de/10011720764
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
Persistent link: https://www.econbiz.de/10013138295
separated from control. Yet through the Troubled Asset Relief Program (TARP) bailout and the government's resultant shareholding … sectors in chaos. The government's $700 billion bailout is a unique historical event; not merely because of its size, but also … before Congress during the financial crisis and implementation of the TARP bailout and his consultation for the Special …
Persistent link: https://www.econbiz.de/10013151116
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