of bail-outs. Raising public funds to conduct a bail-out entails the deadweight loss of distortionary taxation. Bank bail … domestic bank failures may be contemporaneous to sovereign crises, giving rise to risk-sharing motives to mutualize the funding … the public backstop and forbearance in early bank intervention in the fiscally stronger country, facilitating bail-outs in …

BRRD diminished bail-out expectations. Bank bonds subject to BRRD bail-in carry a 10 basis points bail-in premium in terms … in the European bank market for unsecured debt. The different impact of the BRRD on bank bonds provides a quasi … based on the fact that (otherwise identical) bonds of a given bank maturing before 2016 are explicitly protected from BRRD …

firm incentives in a post-reform financial system. -- Financial regulatory reform ; corporate governance ; bank charter … ; bank insolvency …

more lax lending policies than banks, we unveil important evidence that nonbanks increased bank borrowing following the …

those investors facing losses. The anticipation of such a "bailout" distorts ex ante incentives, leading intermediaries to … incentive problem while improving financial stability. -- Bank runs ; financial regulation …

time series and the cross section. TSIZE-implied subsidies increase around the bailout of Continental Illinois in 1984 and …

The declared intention of policy makers is that future bank restructuring should be conducted through bail-in rather … than bail-out. Over the past years there have been a few cases of European banks being restructured where creditors were … countries with limited fiscal space for bail-out. Moreover, actual bail-ins lead to stronger market reactions than the legal …