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"This paper models and estimates ex ante safety-net benefits at a sample of large banks in US and Europe during 2003-2008. Our results suggest that difficult-to-fail and unwind (DFU) banks enjoyed substantially higher ex ante benefits than other institutions. Safety-net benefits prove...
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Authoritative guidance for navigating inevitable financial market regulation The reform of this country's financial regulation will be one of the most significant legislative programs in a generation. Financial Regulation and The Markets: A Guide to Understanding Today's Environment outlines...
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