Bank Bailouts: Cost of Inability to Commit

2021 ◽  
Author(s):  
Khai Zhi Sim
Keyword(s):  
Bank Bailouts

Competitive Distortions of Bank Bailouts

2012 ◽  
Author(s):  
Michael Koetter ◽  
Felix Noth
Keyword(s):  
Bank Bailouts

Bank Bailouts, Bail-Ins, or No Regulatory Intervention? A Dynamic Model and Empirical Tests of Optimal Regulation

2018 ◽  
Author(s):  
Allen N. Berger ◽  
Charles P. Himmelberg ◽  
Raluca A. Roman ◽  
Sergey Tsyplakov
Keyword(s):  
Dynamic Model ◽  
Optimal Regulation ◽  
Empirical Tests ◽  
Bank Bailouts ◽  
Regulatory Intervention

scholarly journals Shareholder Empowerment and Bank Bailouts

2012 ◽  
Author(s):  
Daniel Ferreira ◽  
David Kershaw ◽  
Tom Kirchmaier ◽  
Edmund-Philipp Schuster
Keyword(s):  
Bank Bailouts

scholarly journals The Real Effects of Bank Distress: Evidence from Bank Bailouts in Germany

2019 ◽  
Author(s):  
Johannes Bersch ◽  
Hans Degryse ◽  
Thomas Kick ◽  
Ingrid Stein
Keyword(s):  
The Real ◽  
Real Effects ◽  
Bank Bailouts

scholarly journals Competition Law and State Aid for Failing Banks in the EU and its Specific Implications for CEE Member States

2016 ◽  
Vol 9 (14) ◽  
pp. 145-157
Author(s):  
Virág Blazsek
Keyword(s):  
European Union ◽  
State Aid ◽  
Common Market ◽  
Competition Authority ◽  
The European Union ◽  
Member States ◽  
Positive Effects ◽  
The Stability ◽  
Bank Bailouts ◽  
The Eu

The bank bailouts following the global financial crisis of 2008 have been subject to prior approval of the European Commission (EC), the competition authority of the European Union. The EC was reluctant to reject rescue efforts directed at failing banks and so it consistently approved all such requests submitted by Member States. Out of the top twenty European banks, the EC authorized State aid to at least twelve entities. In this context, the paper outlines the gradually changing interpretation of EU State aid rules, the “temporary and extraordinary rules” introduced starting from late 2008, and the extension of the “no-State aid” category. The above shifts show that the EC itself deflected from relevant EU laws in order to systemically rescue important banks in Europe and restore their financial stability. The paper argues that bank bailouts and bank rescue packages by the State have led to different effects on market structures and consumer welfare in the Eurozone and non-Eurozone areas, mostly the Eastern segments of the European Union. As such, it is argued that they are inconsistent with the European common market. Although the EC tried to minimize the distortion of competition created as a result of the aforementioned case law primarily through the application of the principle of exceptionality and different compensation measures, these efforts have been at least partially unsuccessful. Massive State aid packages, the preferential treatment of the largest, or systemically important, banks through EU State aid mechanisms – almost none of which are Central and Eastern European (CEE) – may have led to the distortion of competition on the common market. That is so mainly because of the prioritization of the stability of the financial sector and the Euro. The paper argues that State aid for failing banks may have had important positive effects in the short run, such as the promotion of the stability of the banking system and the Euro. In the longrun however, it has contributed to the unprecedented sovereign indebtedness in Europe, and contributed to an increased economic and political instability of the EU, particularly in its most vulnerable CEE segment.

scholarly journals Bank Bailouts, Competition, and the Disparate Effects for Borrower and Depositor Welfare

2012 ◽  
Author(s):  
Cesar A. Calderon ◽  
Klaus Schaeck
Keyword(s):  
Bank Bailouts

scholarly journals Bank Bailouts, International Linkages and Cooperation

2011 ◽  
Author(s):  
Friederike Niepmann ◽  
Tim Schmidt-Eisenlohr
Keyword(s):  
International Linkages ◽  
Bank Bailouts

Did connected hedge funds benefit from bank bailouts during the financial crisis?

2019 ◽  
Vol 107 ◽  
pp. 105605 ◽  
Author(s):  
Robert W. Faff ◽  
Jerry T. Parwada ◽  
Eric K.M. Tan
Keyword(s):  
Financial Crisis ◽  
Hedge Funds ◽  
Bank Bailouts

scholarly journals Bank Bailouts in Europe and Bank Performance

2016 ◽  
Author(s):  
Maria Gerhardt ◽  
Rudi Vander Vennet
Keyword(s):  
Bank Performance ◽  
Bank Bailouts
Sign in / Sign up

Export Citation Format

Share Document