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relationship between banks' risk of failure, market structure, bank ownership, and banks' screening and bankruptcy costs. These … model rationalizes this evidence if both state-owned and foreign banks have either larger screening and/or lower bankruptcy … costs than private domestic banks, banks' differences in market shares, screening or bankruptcy costs are not too large, and …
Persistent link: https://www.econbiz.de/10005826093
This paper evaluates empirically four types of cost that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the financial system, and political costs to the authorities. It finds that the economic...
Persistent link: https://www.econbiz.de/10005769045
The global financial crisis has demonstrated weaknesses in resolution regimes for financial institutions around the globe, including in the European Union (EU). This paper considers the principles underlying resolution regimes for financial institutions, and draws out how a well-designed...
Persistent link: https://www.econbiz.de/10008528635
Persistent link: https://www.econbiz.de/10010790464
This study investigates the link between bankruptcy and security legislation and potential credit losses faced by banks …
Persistent link: https://www.econbiz.de/10008876595
that arises in case of resolution or bankruptcy. This net benefit, which may be capitalized into the value of the bank …
Persistent link: https://www.econbiz.de/10011123844