-scale "sovereign bailouts" from abroad; and (vi) creditor threats to litigate and hold out in a debt restructuring. Many of these …

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

The large international bailouts of the 1990s have been criticized for differentreasons, in particular for generating … misleading because international bailouts have no or verylittle cost to the international community and the global taxpayer …

With a four-stage sequential game model, we study how bailouts ameliorate the effects of liquidation on fundamentals … can commit to an optimal bailout or may wait until stage 4 when a bad shock may occur. The private sector in stage 2 forms … of devaluation and liquidation, and may decide to pre-emptively abandon its exchange rate policy. We show that commitment …

We show that the impact of government bailouts (liquidity injections) on a representative bank's risk taking depends on … and the government guarantees bank's liabilities, we show first that more generous bailouts may or may not induce banks to … take on more risk depending on the level of systematic risk; if systematic risk is high (low), a more generous bailout …

-off between policy commitment and discretion affects the optimal intertemporal design of policies to support the deployment of … renewable energy sources. Using a dynamic partial equilibrium model of the power sector, we show that commitment to state …-contingent renewable subsidies outperforms both unconditional commitment and discretion. The choice between the practically more feasible …