The Economics of Bank Bankruptcy Law (Paperback, 2012 ed.)

This book shows that a special bank bankruptcy regime is desirable for the efficient restructuring and/or liquidation of distressed banks. It explores in detail both the principal features of corporate bankruptcy law and the specific characteristics of banks including the importance of public confidence, negative externalities of bank failures, fragmented regulatory framework, bank opaqueness, and the related asset-substitution problem and liquidity provision. These features distinguish banks from other corporations and are largely neglected in corporate bankruptcy law. The authors, an assistant professor for money and finance and a research economist at the Dutch Central Bank, propose changes in both prudential regulation and reorganization policies that should allow regulators and banking authorities to better mitigate disruptions in the financial system and minimize the social costs of bank failures. Their recommendations are complemented by a discussion of bank failures from the 2007-2009 financial crisis.

General

Imprint:	Springer-Verlag
Country of origin:	Germany
Release date:	November 2014
First published:	2012
Authors:	Matej Marinc • Razvan Vlahu
Dimensions:	235 x 155 x 9mm (L x W x T)
Format:	Paperback
Pages:	158
Edition:	2012 ed.
ISBN-13:	978-3-642-44521-7
Categories:	Books > Business & Economics > Finance & accounting > Finance > Banking Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Financial law > Banking law Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Financial law > Bankruptcy & insolvency law Books > Money & Finance > Banking
LSN:	3-642-44521-7
Barcode:	9783642445217

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