Galliani, Clara; Zedda, Stefano - In: Computational Economics 45 (2015) 4, pp. 597-614
In December 2013 the European Commissioner Barnier, presenting the Single Resolution Mechanism for the resolution and recovery of banking crises, said it will “break the vicious circle between banks and their sovereigns”. But is there any vicious circle? And if so, will resolution tools be...
