of bail-outs. Raising public funds to conduct a bail-out entails the deadweight loss of distortionary taxation. Bank bail …

a bailout either if the bank is small in the economy or if the bank is large and the ex ante stability level of the bank …

justify them, and how they are best designed. The major considerations in bailing out and structuring the bailout of a firm … are the macroeconomic impact of failure; the moral hazard effect of the bailout; the discriminatory effect of the bailout …

We study lottery behavior in banking stocks and use MAX/MIN to capture loss protection from bank bailout guarantees. We …

institutions. When a financial institution fails, the fiscal authority often deviates from its ex ante no-bailout commitment: the … bailout policy, the outcome is typically constrained efficient. Furthermore, a higher probability of bank run is not always …