in Europe. We consider bank bailouts for these banks in a simulation framework with stochastic country-specific bailout … efficiency of a bailout mechanism with a supranational authority. Even a unanimous voting rule works better than home …

bank resolution. A European competence is necessary to ensure that cross-border concerns are given appropriate weight in …

Bank Resolution Plans (Living Wills) should help with the resolution of systemically important financial institutions … arising from the incompatibility of the laws governing cross-border bank insolvencies. Many countries are currently …

working together, including in terms of sharing the burden of a potential bank bailout. The euro area has adopted the latter … bank resolution regimes. While such resolution regimes are welcome to reintroduce market discipline and reduce the reliance … need for a fiscal backstop to the financial system. For bail-in to work, it is important that bail-inable bank bonds are …