Who’s on the Hook for Europe’s Losses, and for How Much?
American Banker, June 2012
3 Pages Posted: 16 Jun 2012
Date Written: June 8, 2012
Abstract
Banks and governments have not been required to account for the way in which, when important firms fall deeper into distress, implicit and explicit taxpayer guarantees absorb much of the markdowns that would otherwise have to occur.
Keywords: bank crisis, European Central bank, zombie bank
JEL Classification: G21, G28
Suggested Citation: Suggested Citation
Kane, Edward J., Who’s on the Hook for Europe’s Losses, and for How Much? (June 8, 2012). American Banker, June 2012, Available at SSRN: https://ssrn.com/abstract=2084969
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