Who pays for bank insolvency? [Elektronisk resurs] / Edited by David G. Mayes, Aarno Liuksila.

• List of Tables List of Figures Preface Acknowledgements Notes on the Contributors Introduction PART I: THE PROBLEM AND THE PROPOSED SOLUTION An Overview of the Issues-- D.G.Mayes The New Approach to Orderly Bank Exit: Questions and Answers-- A.Liuksila PART II: HOW BIG IS THE PROBLEM? Disclosure as a Cure for Moral Hazard: Necessary but Insufficient-- G.H.Stern The Incentive Compatible Design Of Deposit Insurance and Bank Failure Resolution: Concepts and Country Studies T.Beck Small Countries, Large Multi-Country Banks: a challenge to supervisors - the example of the Nordic-Baltic area-- J.SigurAdegreesson The Economic Impact of Insolvency Law-- B.Blowers & G.Young Do Bank Exit Regimes affect Banking Conditions?-- P.Granlund PART III: APPROACHES TO SOLVING THE PROBLEM A European Approach to Banking Crises-- H.Brouwer, G.Hebbink & S.Wesseling Avoiding a Crisis: Lessons from the Danish Experience-- E.Molgaard Learning Lessons and Implementing a New Approach to Bank Insolvency Resolution in Switzerland-- E.H.G.Hupkes Bank Resolution Policy and the Organization of Bank Insolvency Proceedings: Critical Dilemmas-- C.Hadjiemmanuil Appendix 1: The Proposed Approach to Bank Insolvency Legislation-- D.G.Mayes, L.Halme & A.Liuksila Appendix 2: The Basel Committee Guidance on Weak Banks References Index.

• In most countries the taxpayer ends up paying for bank failures and banking crises even though they are innocent of the cause. This book suggests how something can be done about it, so that banks can be resolved quickly when they get into difficulties. Shareholders and uninsured creditors who are paid for taking risks would bear any losses. No one is worse off than under insolvency. Political pressures and the constraints of the legal system prevent suitable solutions in most countries outside the United States. The problem is particularly bad in Europe where multinational banks are large compared to the size of the countries in which they operate. Co-ordination processes for solving problems in a hurry are inadequate. Banks may not be just 'too big to fail' but 'too big to save' - a small country cannot afford it alone. Twelve international experts offer independent comments on the proposal in a constructive combination of law and economics. 

Ämnesord

Finance and Accounting.  (eflch)

Klassifikation

FIN (ämneskategori)