Enhancing the Credibility of Resolution

An Analysis of the Impact of Recovery and Resolution Planning and Loss-Absorbing Capital Requirements on the Credibility of Bail-In
Nomos, 1. Edition 2022, 302 Pages
Book
€84.00
ISBN 978-3-8487-7489-0
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€84.00
ISBN 978-3-7489-3280-2
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Description
The financial crisis of 2007/08 was caused by a market failure that led to macroeconomically costly government bailouts, caused by the inherent fragility and complexity of the banking system. The resulting implicit state guarantee was anticipated by market participants and distorted risk pricing and market behavior. The aim of recent European regulatory initiatives has been to counteract this phenomenon, known as Too Big To Fail, through the financial participation of those very same market participants. This thesis examines whether the newly created bail-in instrument under the Bank Recovery and Resolution Directive (BRRD) makes a promising and credible contribution towards remedying distorted market discipline and costly bailout practice.
Bibliographical data
Bibliographical data
Edition 1
ISBN 978-3-8487-7489-0
Subtitle An Analysis of the Impact of Recovery and Resolution Planning and Loss-Absorbing Capital Requirements on the Credibility of Bail-In
Publication Date Dec 9, 2022
Year of Publication 2022
Publisher Nomos
Format Softcover
Language englisch
Pages 302
Medium Book
Product Type Scientific literature
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