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In this article we analyse the feasibility of a bail-in for Spain. After a detailed analysis of the origins of the Spanish banking crisis and the government’s response in the form of a bail-out by taxpayers in 2012, we investigate whether a bail-in would have been feasible instead. The bail-in...
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and academics proposed that Congress legislate a new chapter to the Bankruptcy Code under which the financial obligations … School in May 2011. This chapter argues that, if a formal bankruptcy process is valuable for states, it should be legislated …, and state-by-state legislation would permit each state to tailor its bankruptcy process; (2) the state would internalize …
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The American system of political economy surely faces a fiscal crisis illustrated by but not limited to a trend of growing deficits and debt that cannot continue. What can’t continue won’t continue. In what fashion change occurs will be governed by forthcoming interactions between power and...
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