their assets-in-place and new investment opportunities. Menus of bailout plans are used as a screening device. Constrained … injections offer more upside to the bailout agency. This may reduce as well as enhance efficiency, depending on whether screening …

system; any preset resolution system will be abandoned for a bailout if it would produce socially unacceptable loss … done ad hoc through Congress or should bailout authority be institutionalized in an agency? And second, should creditors of … bailed out firms be forced to accept less than full payment (or take a “haircut”) as part of the bailout? Ensuring …

Contrary to public perception and previous literature on public bailout subsidies, we find over the recent 43-year … period equityholders in big banks paid fairly for TBTF bailout insurance in terms of equity returns. In normal (non …−Small bank equity premium and bailout insurance is fairly priced for equityholders in that there is no difference between big and …

in Europe. We consider bank bailouts for these banks in a simulation framework with stochastic country-specific bailout … efficiency of a bailout mechanism with a supranational authority. Even a unanimous voting rule works better than home …

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

which banks are to be shut down before they can go bankrupt, and (ii) a loss allocation – or bailout – decision of who pays … contrast, bailout policies are centralized only when international spillovers from cross-border bank ownership are strong, and …

We study the interaction between a government's bailout policy and banks' willingness to impose losses on (or \bail in … anticipation of this bailout undermines a bank's private incentive to impose a bail-in. In the resulting equilibrium, bail-ins are …

The determinants and effects of bank bailout programs on the economy and society are still controversial. Using a … bank bailout program. The results show that the adoption of bank bailout programs did not lead to an improvement in the … contribution to scarce literature covering the determinants of the decision to adopt a bank bailout program, also by …