Klimek, Peter; Poledna, Sebastian; Doyne Farmer, J.; … - In: Journal of Economic Dynamics and Control 50 (2015) C, pp. 144-154
relevant crisis resolution mechanisms. To establish the validity of the model we show that it reproduces a series of key … economy characterized by low unemployment and high productivity the optimal crisis resolution with respect to financial … the bail-in tool provides the most efficient crisis resolution mechanism. Under no circumstances do taxpayer-funded bail …