Bank bailouts have been controversial from the outset, with some commentators saying that they reward banks for making risky loans. This column investigates the idea of an asset buyback in which a special purpose vehicle buys bad loans from banks' balance sheets. It argues that these buybacks could be structured to avoid windfall gains.
Max Bruche, Gerard Llobet, 09 August 2010
Most Read
Vox eBooks
Events
-
16 - 17 December 2019 / Frankfurt am Main / European Central Bank
-
16 - 17 December 2019 / Brussels / Université Libre de Bruxelles (ULB)
-
8 - 8 January 2020 / Amsterdam / SUERF and DNB
-
18 - 19 January 2020 / University of Warwick, Coventry / University of Warwick
-
13 - 13 March 2020 / London / UK Network for Environmental Economists
