Beck, Thorsten, Samuel Da-Rocha-Lopes, Samuel, Silva, Andre, (2017), «Bank bail-in: The effects on credit supply and real economy», VoxEU, 26 Μαΐου
The new resolution and bail-in regime in Europe hypothetically lets banks fail without resorting to public funding. This column examines the effects of the bail-in of the Portuguese Banco Espírito Santo. Existing borrowers from the banks exposed to the bail-in experienced a negative impact on their credit supply from these banks, but were able to compensate with increased borrowing from other, less-exposed banks. Nevertheless, the bail-in had negative real economy consequences with affected firms reducing investment and employment, while increasing precautionary cash holdings.
- Philippon, Thomas, Salord, Aude, (2017), «New ICMB/CEPR Report: Bail-ins and Bank Resolution in Europe», Vox Eu, 22 Μαρτίου
- ECB Banking Supervision, (2017), «Guidance to banks on non-performing loans», ECB, Μάρτιος