This article analyses the effects of the bank restructuring process performed in Spain between 2010 and 2016. First, we create a unique dataset by combining information from Bankscope and the Table of Public Financial Assistance released by the Bank of Spain. Second, we investigate whether these...

The policy contribution aims to overcome the unfertile debate that opposes the notions of risk-sharing and risk reduction, by examining the concepts of economic solidarity and responsibility, with a particular focus on the Banking Union and some of its unresolved crisis management issues. The...

Contemporaneous banking theory appear to understand financial institutions as intermediaries, neglecting some facts featuring modern banking: monetary financial institutions issue claims which function as money; they facilitate payments across agents in the economy over time and space; they...