The bail-in credibility: barking dogs seldom bite

This paper studies the senior unsecured bondholders’ bail-in expectations and market monitoring following bail-in legislative events aimed at introducing new tools for subordination. We measure bail-in expectations using a difference in differences approach that compares the reaction to bail-in even...

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Veröffentlicht in:	Journal of banking regulation 2024-03, Vol.25 (1), p.1-19
Hauptverfasser:	Velliscig, Giulio, Polato, Maurizio, Floreani, Josanco, Bolognesi, Enrica
Format:	Artikel
Sprache:	eng
Schlagworte:	Bailouts Bank failures Banking Banking industry Credibility Debt restructuring Economics and Finance Finance Financial Law/Fiscal Law Insolvency Original Article
Online-Zugang:	Volltext
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