Bank recovery and resolution

The global financial crisis drew attention to the costs of bank failure – taxpayer-funded bailouts of large financial institutions were an unpopular but common solution. How have different countries adapted tools for bank recovery and resolution to avoid bailouts in the future? I look at the experience of Eurozone nations, the US and the UK to determine how or if national approaches converged or diverged as the crisis unfolded. Click here for a copy of the working paper.

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