Making bank resolution credible
Financial difficulties at large financial institutions present governments and regulators with an unenviable dilemma. On the one hand, they are afraid to permit such a firm to enter ‘ordinary’ insolvency proceedings, lest this transmit financial shock to other, connected, institutions. Yet every vot...
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| Formaat: | Book section |
| Taal: | English |
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Oxford University Press
2015
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