Vacca, Valerio Paolo; Bichlmeier, Fabian; Biraschi, Paolo; … - 2021
the existence of a public interest to resolve an ailing bank, rather than to open normal insolvency proceedings (NIPs … economy stemming from a bank's failure under NIPs through the interruption of the lending activity ("credit channel"). The … and households due to the abrupt closure of a bank. In a second step, the impact of the credit shortfall on real outcomes …