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    bflc:aap "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" ;
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            rdfs:label "\"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." ] ;
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    :title [ a :Title ;
            :mainTitle "Safety-net benefits conferred on difficult-to-fail-and-unwind banks in the us and eu before and during the great recession" ] .