This paper argues that a special bank bankruptcy regime is desirable for the efficient restructuring and/or liquidation of distressed banks. We first explore the principal features of corporate bankruptcy law. Next, we examine the specific characteristics that distinguish banks from other...

This paper argues that a special bank bankruptcy regime is desirable for the efficient restructuring and/or liquidation of distressed banks. We first explore the principal features of corporate bankruptcy law. Next, we examine the specific characteristics that distinguish banks from other...

The Power of Inaction -- Contents -- List of Figures and Tables -- List of Abbreviations -- 1. Bailout Games -- 2. Crisis Management across the World -- 3. The Power of Collective Inaction -- 4. From Theory to Practice -- 5. The United States and the United Kingdom -- 6. France and Germany -- 7....

Bank bailouts in the aftermath of the collapse of Lehman Brothers and the onset of the Great Recession brought into sharp relief the power that the global financial sector holds over national politics, and provoked widespread public outrage. In The Power of Inaction, Cornelia Woll details the...