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

Language

Classification

LCC: HB1 (Assigner: dlc) (Status: used by assigner)

Content

Supplementary content

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-Valverde, Santiago. 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: 2026-09-11T20:21:58.234961+00:00
  • Agent: cbc
  • Status: c
  • Derived from: 16772470

Admin Metadata

  • Date: 2026-09-11
  • Cataloger id: Unknown
  • Description level: http://id.loc.gov/ontologies/bibframe-2-6-0/
  • Description language: eng
  • Description authentication: pcc

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