Who Pays for Bank Insolvency?

Cover......Page 1
Contents......Page 6
List of Tables......Page 8
List of Figures......Page 9
Preface......Page 10
Acknowledgements......Page 13
Notes on the Contributors......Page 14
Introduction......Page 16
Part I The Problem and the Proposed Solution......Page 40
1 An Overview of the Issues......Page 42
2 The New Approach to Orderly Bank Exit: Questions and Answers......Page 85
Part II How Big is the Problem?......Page 122
3 Disclosure as a Cure for Moral Hazard: Necessary but Insufficient......Page 124
4 The Incentive-Compatible Design of Deposit Insurance and Bank Failure Resolution: Concepts and Country Studies......Page 133
5 Small Countries, Large Multi-Country Banks: A Challenge to Supervisors – the Example of the Nordic-Baltic Area......Page 157
6 The Economic Impact of Insolvency Law......Page 179
7 Do Bank Exit Regimes Affect Banking Conditions?......Page 195
Part III Approaches to Solving the Problem......Page 218
8 A European Approach to Banking Crises......Page 220
9 Avoiding a Crisis: Lessons from the Danish Experience......Page 237
10 Learning Lessons and Implementing a New Approach to Bank Insolvency Resolution in Switzerland......Page 257
11 Bank Resolution Policy and the Organization of Bank Insolvency Proceedings: Critical Dilemmas......Page 287
Appendix 1 The Proposed Approach to Bank Insolvency Legislation......Page 346
Appendix 2 The Basel Committee Guidance on Weak Banks......Page 379
References......Page 388
B......Page 396
C......Page 397
E......Page 398
F......Page 399
L......Page 400
N......Page 401
R......Page 402
S......Page 403
V......Page 404
Z......Page 405