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A macro approach to international bank resolution. Bruegel Policy Contribution Issue n˚20 | July 2017

Schoenmaker, Dirk (2017) A macro approach to international bank resolution. Bruegel Policy Contribution Issue n˚20 | July 2017. [Policy Paper]

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    Abstract

    As regulators rush to strengthen banking supervision and implement bank resolution regimes, a macro approach to resolution is needed that considers both the contagion effects of bail-in and the continuing need for a fiscal backstop to the financial system. This can be facilitated through the completion of a banking union in which the European Stability Mechanism (ESM) becomes the fiscal backstop to the euro-area banking system.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > banks/financial markets
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Policy Contributions
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 25 Jul 2017 12:59
    Number of Pages: 13
    Last Modified: 25 Jul 2017 12:59
    URI: http://aei.pitt.edu/id/eprint/88434

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