A number of countries' authorities put in place bank rescue packages using public funds in response to the global …

. Specifically, it takes stock of the salient new features of bank and CCP international standards within a unified analytical …

channel, one bank's capital policy affects the equity value and risk of default of other banks. In a model where such … externalities are strong, bank capital takes on the attribute of a public good, where the private equilibrium features excessive … implications of the model with observed bank behavior during the crisis of 2007-09 …