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 …

level of bank capital is. We use empirical evidence on UK banks to assess costs; we use data from shocks to incomes from a …

degree of centralisation. Whereas no such bank exists in the UK any longer and real savings banks in Spain have almost …. Short operational and (especially) functional distance and embeddedness in supportive regional bank associations. Short … regional level and reduce the need for standardisation, centralisation and bank mergers in times when interest rates are low. …

bank and responsible fiscal policy and more pronounced in times of high fiscal budget deficits and accommodative monetary …

of Gerali et al. (2010), accounting for borrowing constraints of entrepreneurs and an internal constraint on the bank …

What are the effects of a higher central bank inflation target on the burden of real public debt? Several recent …