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, and reduce deficits after they receive a bailout from the state government. The state government appears to be both able … and willing to enforce austerity after granting a bailout …
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governments by comparing national bank rescue schemes in the United States and Europe. Woll starts with a broad overview of bank … financial sector is intimately involved in the design of bailout packages; elsewhere it chooses to remain at arm's length. Such … design of bailout packages in favor of the industry. She demonstrates that financial institutions were most powerful in those …
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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 substantial mortgage lender. In fact, ten years...
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