BIBFRAME Work

Title

Safety-net benefits conferred on difficult-to-fail-and-unwind banks in the us and eu before and during the great recession

Type

• Text
• Monograph

Contribution

• Rodríguez-Fernández, Francisco (contributor)
• Kane, Edward J. (contributor)
• National Bureau of Economic Research (contributor)
• Carbó Valverde, Santiago, 1966- (author )

Language

• eng

Classification

LCC: HB1 (Assigner: dlc) (Status: uba)

Content

• text

Supplementary content

• bibliography

Summary

"This paper models and estimates ex ante safety-net benefits at a sample of large banks in US and Europe during 2003-2008. Our results suggest that difficult-to-fail and unwind (DFU) banks enjoyed substantially higher ex ante benefits than other institutions. Safety-net benefits prove significantly larger for DFU firms in Europe and bailout decisions less driven by asset size than in the US. We also find that a proxy for regulatory capture helps to explain bailout decisions in Europe. A policy implication of our findings is that authorities could better contain safety-net benefits if they refocused their information systems on measuring volatility as well as capital"--National Bureau of Economic Research web site.

Authorized Access Point

Carbo, Santiago, 1966-. Safety-net benefits conferred on difficult-to-fail-and-unwind banks in the us and eu before and during the great recession

Admin Metadata

• Date: 2026-09-11T20:11:36.496478+00:00
• Agent: cbc
• Status: c
• Derived from: 16772462

Admin Metadata

• Date: 2026-09-11
• Cataloger id: Unknown
• Description level: bibframe-2-6-0
• Description language: eng
• Description authentication: pcc