Bank distress can have severe negative consequences for the stability of the financial system, the real economy, and … for public finances. Regimes for the restructuring and resolution of banks, financed by bank levies and fiscal backstops …, seek to reduce these costs. Bank levies attempt to internalize systemic risk and to increase the costs of leverage. This …

by the central bank is only partially passed on to the interbank market. Moreover, this framework allows us to examine … haircut rule for a central bank which decides to implement a 'leaning-against-the- wind'-policy. Finally, we analyze the long … bank can stabilize all variables at the cost of higher inflation and that macroeconomic volatility is smallest if the …

Bank distress can have severe negative consequences for the stability of the financial system, the real economy, and … for public finances. Regimes for the restructuring and resolution of banks, financed by bank levies and fiscal backstops …, seek to reduce these costs. Bank levies attempt to internalize systemic risk and to increase the costs of leverage. This …

by the central bank is only partially passed on to the interbank market. Moreover, this framework allows us to examine … haircut rule for a central bank which decides to implement a 'leaning-against-the- wind'-policy. Finally, we analyze the long … bank can stabilize all variables at the cost of higher inflation and that macroeconomic volatility is smallest if the …