Bail-outs and Bail-ins are better than Bankruptcy: A Comparative Assessment of Public Policy Responses to COVID-19 Distress
نویسندگان
چکیده
منابع مشابه
Bank Bonuses and Bail-Outs
This paper shows that bonus contracts may arise endogenously as a response to agency problems within banks, and analyzes how compensation schemes change in reaction to anticipated bail-outs. If there is a risk-shifting problem, bail-out expectations lead to steeper bonus schemes and even more risk-taking. If there is an effort problem, the compensation scheme becomes flatter and effort decrease...
متن کاملDo Bail Information Schemes Really Affect Bail Decisions?
Bail Information Schemes gather and provide information on a defendant’s community ties to the court. Past evaluations have concluded that schemes are effective because more defendants are granted bail. However, the evaluations include possible confounds and other limitations, thus threatening the validity of their findings. They are also incompatible with research showing that magistrates do n...
متن کاملTo bail-out or to bail-in? Answers from an agent-based model
Peter Klimek, Sebastian Poledna, J. Doyne Farmer, Stefan Thurner1,3,4,∗ Section for Science of Complex Systems; Medical University of Vienna; Spitalgasse 23; A-1090; Austria Institute for New Economic Thinking at the Oxford School and Mathematical Institute, Eagle House, Walton Well Rd., University of Oxford OX2 3ED; UK Santa Fe Institute; 1399 Hyde Park Road; Santa Fe; NM 87501; USA IIASA, Sch...
متن کاملThe Bail - in Puzzle Editorial
Bail-in has become the favorite focal point, or rather the favorite provocative term in the policy debate about bank rescue programs in Europe. For instance, over the past few weeks, the German government has insistently requested a substantial participation of the private sector in any further debt restructuring. Others, like the President of the European Central Bank have vigorously opposed a...
متن کاملToward an Optimal Bail System
Few decisions in the criminal justice process are as consequential as the determination of bail. Indeed, recent empirical research finds that pre-trial detention imposes substantial long-term costs on defendants and society. Defendants who are detained before trial are more likely to plead guilty, less likely to be employed, and less likely to access social safety net programs for several years...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2020
ISSN: 1556-5068
DOI: 10.2139/ssrn.3669541