monetary union and other assets. We firstly analyse a country's debt choice, assuming as a benchmark case that the no-bailout …

take on more risk depending on the level of systematic risk; if systematic risk is high (low), a more generous bailout … tight liquidity policy optimal, a less generous bailout could increase bank's risk taking. While in this model there is only …

government bailout because, in addition to meeting a threshold asset size, the firm must engage in a lobbying contest in order to … bailout and the firm's political advantage of being "too big to fail" determines the firm's probability of getting a bailout …-2010 financial crisis, I find that a smaller firm may receive a bailout while a bigger firm will not, although both firms meet the …

The aftermath of the recent economic crisis saw the largest U.S. government bailout of corporate entities ever. While … the bailout was carried out with the explicit goal of restoring stability, it aroused much controversy and public … criticism based on moral hazard concerns as well as the exorbitant cost to the taxpayer. This paper examines the bailout design …

The Greek bail-out was highly controversial. An oft-heard assessment is that i) the bail-out was a mistake, ii) the … political haggling over it was irrational and iii) the bail-out will create a moral hazard problem. Contrary to this view, our … analysis suggests that, given EMU's present political-economic set-up, i) the bail-out was unavoidable, ii) the lengthy process …

welfare. -- bailout ; contagion ; financial crisis ; international institutional arrangements …

essence of today's crisis we analyze to what extent a "troubled" periphery EZ member can negotiate a bailout from the center … strengthen the EZ through at least four channels. -- sovereign debt crisis ; Eurozone ; Euro ; exit rules ; bail-out ; political …