Beck, Thorsten; Krahnen, Jan Pieter; Martin, Philippe J.; … - 2022
breaking the bank-sovereign vicious circle. The objective was also to restore private liability in banking and to move towards … 'incremental' (broadening the scope for private-sector burden-sharing in future cases of bank failures), 'real' (effectively … breaking the bank-sovereign vicious circle), and 'cosmic' (a single, seamlessly integrated banking market). European …