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Greece has applied for membership in the European Communities on June 13, 1975, Portugal on March 28, 1977, and Spain … January 1, 1981, while Portugal and Spain have become the eleventh and twelth member since January 1, 1986. However, the … routes of these countries to the EC were much longer. The aim of the study is to overview the experience of Greece, Portugal …
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We analyze the credit supply and real sector effects of bank bail-ins by exploiting the unexpected failure of a major Portuguese bank and subsequent resolution. Using a matched firm-bank dataset on credit exposures and interest rates, we show that while banks more exposed to the bail-in...
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