contrast, bailout policies are centralized only when international spillovers from cross-border bank ownership are strong, and … externalities between the two countries arise from cross-border bank ownership. The two countries face (i) a regulatory decision of … which banks are to be shut down before they can go bankrupt, and (ii) a loss allocation – or bailout – decision of who pays …

the public, long-term systemic risk among banks tends to increase. From the dynamic perspective, bank penalties represent … long-term. In this respect, bank penalties resemble still waters that run deep. In contrast, a settlement with regulatory …

unprecedented government bailout of the central bank, and resulted in loss of shareholder control over the central bank. …Because of secrecy, little is known about the political economy of central bank lending. Utilizing a novel, hand …

implementations of the funds concentration effect and the corresponding discriminatory bailout scheme: random bailout and bailout the …

imply that an individual bank failure in one country could trigger negative spillover effects in another country. Such cross … from a supranational perspective. In consequence, the probability of a bank failure will be inefficiently high. Against the …

Limited liability and asymmetric information between an investment bank and its lenders provide an incentive for a bank …