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Who Pays for Bank Insolvency?

  • Book
  • © 2004

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Authors:
  1. David G. Mayes
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  2. Aarno Liuksila
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  3. Thorsten Beck
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  4. Bethany Blowers
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  5. Henk Brouwer
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  6. Peik Granlund
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  7. Christos Hadjiemmanuil
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  8. Gerbert Hebbink
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  9. Eva H. G. Hüpkes
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  10. Eigil Mølgaard
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  11. Jón Sigurðsson
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  12. Gary H. Stern
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  13. Sandra Wesseling
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  14. Garry Young
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About this book

How to avoid taxpayers paying for bank failures and banking crises? This book provides a proposal and a critique by twelve independent experts. It is addressed particularly to the threat posed in Europe by having large international banks, a history of bailouts and limited means of resolving any future banking crises. It shows how political imperatives and legal constraints currently result in economic losses in many countries round the world.

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xiii
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  2. Introduction

    1. Introduction

      • Aarno Liuksila
      Pages 1-24

  3. The Problem and the Proposed Solution

    1. Front Matter

      Pages 25-25
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    2. An Overview of the Issues

      • David G. Mayes
      Pages 27-69

    3. The New Approach to Orderly Bank Exit

      • Aarno Liuksila
      Pages 70-105

  4. How Big is the Problem?

    1. Front Matter

      Pages 107-107
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    2. Disclosure as a Cure for Moral Hazard

      • Gary H. Stern
      Pages 109-117

    3. The Incentive-Compatible Design of Deposit Insurance and Bank Failure Resolution

      • Thorsten Beck
      Pages 118-141

    4. Small Countries, Large Multi-Country Banks

      • Jón Sigurðsson
      Pages 142-163

    5. The Economic Impact of Insolvency Law

      • Bethany Blowers, Garry Young
      Pages 164-179

    6. Do Bank Exit Regimes Affect Banking Conditions?

      • Peik Granlund
      Pages 180-201

  5. Approaches to Solving the Problem

    1. Front Matter

      Pages 203-203
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    2. A European Approach to Banking Crises

      • Henk Brouwer, Gerbert Hebbink, Sandra Wesseling
      Pages 205-221

    3. Avoiding a Crisis

      • Eigil Mølgaard
      Pages 222-241

    4. Learning Lessons and Implementing a New Approach to Bank Insolvency Resolution in Switzerland

      • Eva H. G. Hüpkes
      Pages 242-271

    5. Bank Resolution Policy and the Organization of Bank Insolvency Proceedings

      • Christos Hadjiemmanuil
      Pages 272-330

  6. Back Matter

    Pages 331-390
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About the authors

THORSTEN BECK World Bank, Washington DC BETHANY BLOWERS Analyst in the Domestic Finance Division, Bank of England HENK BROUWER Executive Director of De Nederlandsche Bank PEIK GRANLUND Lawyer in the Finnish Financial Supervisory Authority CHRISTOS HADJIEMMANUIL Senior Lecturer in Law, London School of Economics LIISA HALME Chief Legal Cousel, Financial Supervisory Authority of Finland GERBERT HEBBINK Senior Economist at the Financial Stability Department of De Nederlandsche Bank EVA HÜPKES Head of Regulation, Legal Department of the Swiss Federal Banking Commission EIGIL MØLGAARD Legal and Financial Adviser, formerly Director General of the Danish Financial Supervisory Authority JÓN SIGURÐSSON President and Chief Executive, Nordic Investment Bank GARY STERN President, Federal Reserve Bank of Minneapolis SANDRA WESSELING Senior Economist, Directorate Supervision of De Nederlandshe Bank GARY YOUNG Senior Research Manager, Domestic Finance Division, Bank of England

Bibliographic Information

  • Book Title: Who Pays for Bank Insolvency?

  • Authors: David G. Mayes, Aarno Liuksila, Thorsten Beck, Bethany Blowers, Henk Brouwer, Peik Granlund, Christos Hadjiemmanuil, Gerbert Hebbink, Eva H. G. Hüpkes, Eigil Mølgaard, Jón Sigurðsson, Gary H. Stern, Sandra Wesseling, … Garry Young

  • DOI: https://doi.org/10.1057/9780230523913

  • Publisher: Palgrave Macmillan London

  • eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)

  • Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 2004

  • Hardcover ISBN: 978-1-4039-1740-9Published: 19 December 2003

  • Softcover ISBN: 978-1-349-51339-0Published: 19 December 2003

  • eBook ISBN: 978-0-230-52391-3Published: 30 April 2016

  • Edition Number: 1

  • Number of Pages: XIV, 390

  • Number of Illustrations: 11 b/w illustrations

  • Topics: Banking, Macroeconomics/Monetary Economics//Financial Economics, Commercial Law

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