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dc.contributor.authorGornicka, Lucyna Anna
dc.contributor.authorZoican, Marius Andrei
dc.date.accessioned2016-01-11T09:37:36Z
dc.date.available2016-01-11T09:37:36Z
dc.date.issued2016
dc.identifier.issn0378-4266
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/15306
dc.language.isoenen
dc.subjectBank regulation
dc.subjectContagion
dc.subjectMarket discipline
dc.subjectMoral hazard
dc.subject.ddc332en
dc.subject.classificationjelG.G2.G21en
dc.subject.classificationjelG.G2.G28en
dc.titleToo-International-to-Fail? Supranational Bank Resolution and Market Discipline
dc.typeArticle accepté pour publication ou publié
dc.contributor.editoruniversityotherInternational Monetary Fund
dc.description.abstractenSupranational resolution of insolvent banks does not necessarily improve welfare. Supranational regulators are more inclined to bail-out banks indebted towards international creditors because they take into account cross-border contagion. When banks' creditors are more likely to be bailed out, market discipline decreases and risk-taking by indebted banks increases. Depending on the trade-off between giving the right incentives ex ante and limiting contagion ex post, both a national and a supranational resolution framework can be optimal. In particular, if market discipline is low under both national and supranational resolution mechanisms, supranational resolution improves welfare as it stimulates interbank trade.
dc.relation.isversionofjnlnameJournal of Banking and Finance
dc.relation.isversionofjnlvol65
dc.relation.isversionofjnldate2016
dc.relation.isversionofjnlpages41--58
dc.relation.isversionofdoi10.1016/j.jbankfin.2016.01.005
dc.relation.isversionofjnlpublisherElsevier
dc.subject.ddclabelEconomie financièreen
dc.description.ssrncandidatenon
dc.description.halcandidateoui
dc.description.readershiprecherche
dc.description.audienceInternational
dc.relation.Isversionofjnlpeerreviewedoui
dc.date.updated2017-03-07T09:33:54Z
hal.identifierhal-01253632*
hal.version1*
hal.update.actionupdateMetadata*
hal.update.actionupdateFiles*


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