Barba Navaretti, Giorgio, Calzolari, Giacomo, Pozzolo, Alberto, (2016), “Bail-in: Limits and work in progress”, VoxEu, 12 Δεκεμβρίου
In the years since the Global Crisis, there has been substantial public opposition to taxpayer-funded bailouts of financial institutions. Reflecting this sentiment, a cornerstone of the EU’s post-crisis resolution framework is that losses be borne by private investors and creditors. This column surveys some of the details that need to be worked out before such bail-in measures can work. Effective implementation requires clear identification of the limits to bail-in. In particular, for such measures to be successful, bailout cannot be ruled out by assumption.
Σχετικές Αναρτήσεις
- Giudici, Paolo, Parisi, Laura, (2016), “Bail-in versus bail-out: The Atlante example from a systemic risk perspective”, VoxEU, 3ο Ιουνίου
- Stefano Micossi, Ginevra Bruzzone, Miriam Cassella, (2016), “State aid, bail-in, and systemic financial stability in the EU”, Voxeu, 6 Ιουνίου