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 …

Japanese banking crisis. By leveraging a unique dataset merging firm-level financial statements and bank balance sheets, the …

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 …

intervention have stronger effects beyond borders. We provide a model of international contagion allowing for bank bailouts. While … welfare. -- bailout ; contagion ; financial crisis ; international institutional arrangements …

incentives to implement such a trigger? We construct a theoretical model of a bank that is financed with debt and equity, and a … bank manager monitoring the bank’s loan portfolio. The manager must be incentivized to warn the board before a crisis …

., 2017), we analyze the linkage between banking crises and the business cycle in Italy over the last two centuries. The vast … literature on banking crises in Italy is dominated by the narrative approach. In this work we aim to advance the argument one …

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 …