at the expense of taxpayers: the merger-bailout has increased Switzerland’s sovereign credit risk, resulting in an …

possibility of contagion are affected by anticipation of bail-out policy, capital requirements and the joint exposure. We identify … a range of factors that strengthen or weaken the possibility of contagion and bailout. Recapitalization with common …

sovereign default -- a de facto bailout. Consistent with this, the likelihood a defaulting sovereign is granted an IMF loan is …

liquidity provided by the government bailout reduced the cost of equity for recipient banks, especially for those banks that … repaid their bailout funds in full. The decrease in the cost of equity is particularly significant for banks with high market … important implications for the assessment of government bailout programs and future regulation of financial institutions …

postponing default; 2) a positive probability of bail-out destroys credibility with dramatic effects on financial risk-taking, to …

likelihood of a bank bailout or failure during the late 2000s financial crisis. The empirical results indicate that established … received bailout funds are similar except that holding a large proportion of nonperforming loans reduced the likelihood that a … bank received bailout funds. Overall, these results are consistent with regulators providing bailout funds to banks that …

spreads, and equity returns. We use our method to analyze the evolution of bailout expectations during the recent financial … crisis. We find that bailout expectations peaked in reaction to government interventions following the failure of Lehman …