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a bank holding insured deposits and issuing non-bail-inable debt and bail-inable Tier1-capital debt? We address this … postponing default; 2) a positive probability of bail-out destroys credibility with dramatic effects on financial risk-taking, to …
Persistent link: https://www.econbiz.de/10012893415
in the form of the Bank Recovery and Resolution Directive. The paper discusses the anti-bailout objective of the two … governing bank resolution actions: the Commission's norms on state aids in the banking sector as reflected in the Banking …
Persistent link: https://www.econbiz.de/10012963737
Persistent link: https://www.econbiz.de/10012018396
likelihood of a bank bailout or failure during the late 2000s financial crisis. The empirical results indicate that established … bank received bailout funds. Overall, these results are consistent with regulators providing bailout funds to banks that …This paper examines the impact of charter type, holding company structure, and measures of bank fragility on the …
Persistent link: https://www.econbiz.de/10013008003
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011557140
working together, including in terms of sharing the burden of a potential bank bailout. The euro area has adopted the latter … bank resolution regimes. While such resolution regimes are welcome to reintroduce market discipline and reduce the reliance … need for a fiscal backstop to the financial system. For bail-in to work, it is important that bail-inable bank bonds are …
Persistent link: https://www.econbiz.de/10011978339
of bail-outs. Raising public funds to conduct a bail-out entails the deadweight loss of distortionary taxation. Bank bail … domestic bank failures may be contemporaneous to sovereign crises, giving rise to risk-sharing motives to mutualize the funding … the public backstop and forbearance in early bank intervention in the fiscally stronger country, facilitating bail-outs in …
Persistent link: https://www.econbiz.de/10011984866
time series and the cross section. TSIZE-implied subsidies increase around the bailout of Continental Illinois in 1984 and …
Persistent link: https://www.econbiz.de/10011894404
The financial crisis renewed the debate on the bailout of financial institutions, questioning the effectiveness of such … the ongoing substitution between securities and bank lending as the main financing channel of non-financial firms …
Persistent link: https://www.econbiz.de/10012925194
externalities between the two countries arise from cross-border bank ownership. The two countries face (i) a regulatory (super …- visory) decision of which banks are to be shut down before they can go bankrupt, and (ii) a bailout decision of who pays for … decentralized way. In our benchmark model the two countries always agree on a centralized regulation policy. In contrast, bailout …
Persistent link: https://www.econbiz.de/10013189564