This is a survey of progress with the postcrisis global (G20) reform of the financial system, in
five key areas of new regulation:(1) making financial institutions more resilient;(2) ending …

This article studies the interaction of government debt and financial markets. This interaction,
termed a “diabolic loop,” is driven by government choice to bail out banks and the resulting …

We study the resolution of global banks by national regulators. Single-point-of-entry (SPOE)
resolution, where loss-absorbing capital is shared across jurisdictions, is efficient but faces …

We explore how large and small banks make funding decisions when system-wide bailouts
are possible. We show that bank size, purely on strategic grounds, is a key determinant of …

Recent reforms have given regulators broad powers to “bail-in” bank creditors during
financial crises. We analyze efficient bail-ins and their implementation. To preserve liquidity …

This paper analyzes the effects of bail-in and bailout policies on banks' funding costs,
incentives for loan monitoring, and financing capacity. In a model with moral hazard and two …

We develop a tractable dynamic contracting framework to study bank bail-in regimes. In the
presence of a repeated monitoring problem, the optimal bank capital structure combines …

We present an equilibrium model of financial institutions to examine the optimal regulation of
risk taking. Shareholders provide incentives for management to increase risk to excessive …

У монографії розглядаються теоретичні та практичні аспекти проблеми формування
нового світового фінансового порядку. Автором розкрито суть та детермінанти …

This paper analyzes the effects of bail-in policies on banks' funding cost, incentives for loan
monitoring, and financing capacity. In a model with moral hazard and two investment stages …