the health crisis and ensuing Great Lockdown, came with an unseen level of economic uncertainty. First, using a European …

-taking. This paper assesses the consequences of bail-in expectations along these dimensions ensuring - through a bond pricing study … - that bail-in expectations are not confounded by other factors. Using hand-collected details of EU bail-in events, I study … both positive and negative exogenous shocks to bail-in expectations, offering three sets of findings. First, bail-in events …