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In this paper we model and estimate ex ante safety-net benefits at a sample of large banks in US and Europe during 2003-2008. Our results suggest that difficult-to-fail and unwind (DFU) banks enjoyed substantially higher ex ante benefits than other institutions. Safety-net benefits prove...
Persistent link: https://www.econbiz.de/10013122575
-taking and undermine government insolvency detection and crisis management. Subsidies to risk taking that large institutions …
Persistent link: https://www.econbiz.de/10013140025