appoint independent directors on the board of an assisted bank that missed six dividend payments to the Treasury - helped … attenuate bailout-related moral hazard. Banks were averse to these appointments - the empirical distribution of missed payments … exhibits a sharp discontinuity at five. Director appointments by the Treasury led to improved bank performance, lower CEO pay …

how a bailout fund financed through a tax on bank dividends could resolve bailouts without public money and without …We present a dynamic, continuous-time model in which risk averse inside equityholders set a bank's lending, payout, and … financing policies, and the exposure of bank assets to crashes. The effect of the prevailing insolvency resolution mechanism …

-driven transformation of local and international financial systems. Bank bailouts of 2007–2008 may be situated in this comprehensive and …

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

equity ratio, loan quality and bank size are the main determinants of bank bailout involvement. However, the aided banks … sufficient to restore bank health …