maintained and even expanded. The administration's goal was to block its own appointee Federal Home Loan Bank Board Chairman …

a bank holding insured deposits and issuing non-bail-inable debt and bail-inable Tier1-capital debt? We address this … postponing default; 2) a positive probability of bail-out destroys credibility with dramatic effects on financial risk-taking, to …

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

The adoption of the “Bank ... …

in the form of the Bank Recovery and Resolution Directive. The paper discusses the anti-bailout objective of the two … governing bank resolution actions: the Commission's norms on state aids in the banking sector as reflected in the Banking …

In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a … particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a … outside the bank as depositors rushed to withdraw their deposits. There was always a fear that this could spark a systemic run …

choice between “fair value” or other valuations can be decisive in whether a bank fails; but in two cases fair value is … irrelevant. Bank failures might arise despite capital adequacy and balance sheet solvency due to sudden shocks to liquidity … positions. Two of the most prominent bank failures cannot, at first sight, be attributed to fair value accounting: we show that …