understanding of the financial developments shaping their world. This collection contains thirty-two essays written by academics … financial crisis and bank bailouts results in two indispensable essays on investment banking regulation after Bear Stearns and … the positives and negatives of the Paulson/Bernanke bailout. Contributors weigh the merits of future rescues and suggest …

which banks are to be shut down before they can go bankrupt, and (ii) a loss allocation – or bailout – decision of who pays … a decentralized way. In our benchmark model the two countries always agree on a centralized regulation policy. In … contrast, bailout policies are centralized only when international spillovers from cross-border bank ownership are strong, and …

understanding of the financial developments shaping their world.This collection contains thirty-two essays written by …

institutions. When a financial institution fails, the fiscal authority often deviates from its ex ante no-bailout commitment: the … bailout policy, the outcome is typically constrained efficient. Furthermore, a higher probability of bank run is not always …

institutions. When a financial institution fails, the fiscal authority often deviates from its ex ante no-bailout commitment: the … bailout policy, the outcome is typically constrained efficient. Furthermore, a higher probability of bank run is not always …