system; any preset resolution system will be abandoned for a bailout if it would produce socially unacceptable loss … done ad hoc through Congress or should bailout authority be institutionalized in an agency? And second, should creditors of … bailed out firms be forced to accept less than full payment (or take a “haircut”) as part of the bailout? Ensuring …

– helped attenuate bailout-related moral hazard. Banks were averse to these appointments – the empirical distribution of missed …

attenuate bailout-related moral hazard. Banks were averse to these appointments - the empirical distribution of missed payments …

default { bailout, where government provides capital; bail-in, using private-sector funds; and no regulatory intervention … distress with sufficient capital remaining. Empirical tests of changes in capital behavior from the pre-crisis bailout period …

bailout, the bailout value incurred by the government following the abandonment of the private shareholders, and, moreover … particular on assessing the difference that an assumed bail-in as opposed to bail-out regime can make. …

bailout policies may benefit social welfare in the long-run. Bailouts improve capital allocation in states where aggregate …