The introduction of the bail-in tool in the EU legal framework will increase market discipline, reduce moral hazard and save taxpayers’ money through bank restructuring; it should therefore be positively assessed. However, it is unlikely that the use of this new instrument will automatically put an end to bail-outs. This is mainly because there could still be bank crises where public bail-outs might be more effective and less costly than bail-ins. Recent cases of Italian bank crises seem to be a clear confirmation of this assumption.

(2018). To Bail-in, or to Bail-out, that is the Question [journal article - articolo]. In EUROPEAN BUSINESS ORGANIZATION LAW REVIEW. Retrieved from http://hdl.handle.net/10446/200874

To Bail-in, or to Bail-out, that is the Question

Bodellini, Marco
2018-01-01

Abstract

The introduction of the bail-in tool in the EU legal framework will increase market discipline, reduce moral hazard and save taxpayers’ money through bank restructuring; it should therefore be positively assessed. However, it is unlikely that the use of this new instrument will automatically put an end to bail-outs. This is mainly because there could still be bank crises where public bail-outs might be more effective and less costly than bail-ins. Recent cases of Italian bank crises seem to be a clear confirmation of this assumption.
articolo
2018
Bodellini, Marco
(2018). To Bail-in, or to Bail-out, that is the Question [journal article - articolo]. In EUROPEAN BUSINESS ORGANIZATION LAW REVIEW. Retrieved from http://hdl.handle.net/10446/200874
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