Who’s on the Hook for Europe’s Losses, and for How Much?
Edward J. Kane
Boston College - Department of Finance; National Bureau of Economic Research (NBER)
June 8, 2012
American Banker, June 2012
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.
Number of Pages in PDF File: 3
Keywords: bank crisis, European Central bank, zombie bank
JEL Classification: G21, G28Accepted Paper Series
Date posted: June 16, 2012
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