Giudici, Paolo, Parisi, Laura, (2016), “Bail-in versus bail-out: The Atlante example from a systemic risk perspective”, VoxEU, 3ο Ιουνίου
In April 2016, Italian banks set up an equity fund intended to recapitalise troubled financial institutions in a ‘private bail-out intervention’ scenario, with a view to avoiding a bail-in under the European Bank and Recovery Resolution directive. This column analyses the main differences between a bail-in and a bail-out scenario. In particular, it compares contagion effects, and thus the total default probabilities of financial institutions in these two circumstances, in order to establish which banks would benefit more from a bail-out rather than a bail-in.
Σχετικές Αναρτήσεις
- Stefano Micossi, Ginevra Bruzzone, Miriam Cassella, (2016), “State aid, bail-in, and systemic financial stability in the EU”, Voxeu, 6 Ιουνίου
- Micossi, Stefano, Bruzzone, Ginevra, Cassella,Miriam, (2016), “Fine-tuning the use of bail-in to promote a stronger EU financial system”, CEPS Special Report No. 136 / Απρίλιος 2016