in the form of the Bank Recovery and Resolution Directive. The paper discusses the anti-bailout objective of the two …

sovereign default -- a de facto bailout. Consistent with this, the likelihood a defaulting sovereign is granted an IMF loan is …

We examine whether connected hedge funds (i.e. those that are prime-brokerage clients of bailout banks) benefited from … bailout programs initiated in seven countries during the 2007–2009 financial crisis. We find that being connected to a bailout … smaller during the post bailout period, for example, due to the greater risk-taking and higher leverage of such funds …

postponing default; 2) a positive probability of bail-out destroys credibility with dramatic effects on financial risk-taking, to …

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 …

likelihood of a bank bailout or failure during the late 2000s financial crisis. The empirical results indicate that established … received bailout funds are similar except that holding a large proportion of nonperforming loans reduced the likelihood that a … bank received bailout funds. Overall, these results are consistent with regulators providing bailout funds to banks that …

The financial crisis renewed the debate on the bailout of financial institutions, questioning the effectiveness of such …

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

equity ratio, loan quality and bank size are the main determinants of bank bailout involvement. However, the aided banks …