[Introduction ...]This paper is structured as follows. The next chapter outlines the selected bail-in cases and formulates the hypotheses regarding expected market reactions. Chapter 3 covers the methodology. We introduce our identification procedure for the event selection, comment on the data...

The declared intention of policy makers is that future bank restructuring should be conducted through bail-in rather than bail-out. Over the past years there have been a few cases of European bank restructuring where bail-in was implemented. This paper exploits these events to investigate the...

The declared intention of policy makers is that future bank restructuring should be conducted through bail-in rather than bail-out. Over the past years there have been a few cases of European banks being restructured where creditors were bailed in. This paper exploits these events to investigate...

Die globale Finanzkrise und die Krise im Euroraum offenbarten deutliche Schwächen in der Bankenregulierung und -aufsicht. Drei wesentliche Reformstränge sollen das Finanzsystem stärken: die Erhöhung der Eigenkapitalanforderungen für Banken, die Gründung der Europäischen Bankenunion und...

We analyze the reactions of stock returns and CDS spreads of banks from Europe and the United States to four major regulatory reforms in the aftermath of the subprime crisis, employing an event study analysis. In contrast to the public perception that nothing has happened, we find that financial...

[Introduction ...]This paper is structured as follows. The next chapter outlines the selected bail-in cases and formulates the hypotheses regarding expected market reactions. Chapter 3 covers the methodology. We introduce our identification procedure for the event selection, comment on the data...