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 …

when the government uses bailout instruments without recourse on bank future profits-such as government purchases of bad … a rich history of various forms of staggered bailouts, this paper studies the link between bank bailouts and fiscal … contingent liabilities using bank-level data for Kazakhstan-an upper-middle-income country in Central Asia. The paper first …

characteristics to those rescued (peers), especially if the rescue packages do not contain restrictions on bank activities …. Specifically, after a bank is rescued, peers show greater Non-Performing Loans ratios and lower margins. We also investigate the …

time series and the cross section. TSIZE-implied subsidies increase around the bailout of Continental Illinois in 1984 and …

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 …