Stephen Cecchetti, Kim Schoenholtz, 10 May 2018

Martin Brown, Ioanna S Evangelou, Helmut Stix, 01 February 2018

A cornerstone of new bank resolution policies across the world is the introduction of bail-ins to redistribute the costs of bank failures from taxpayers to bank creditors. This column uses the bail-in of two banks in Cyprus to examine how bank depositors react to this way of resolving a crisis. In the short run, customers who experienced deposit or bond bail-ins increased their holdings of cash and reduced deposits, while those who faced only an equity bail-in did not change their behaviour. In the medium run, confidence in the banking system among all depositors remained low.

Thorsten Beck, 25 October 2011

For better or worse, banking is back in the headlines. From the desperate efforts of crisis-struck Eurozone governments to the Occupy Wall Street movement currently spreading across the globe, the future of banking is hotly debated. This VoxEU.org eBook presents a collection of essays by leading European and American economists that discuss both immediate solutions to the on-going financial crisis and medium- to long-term regulatory reforms.

Thorsten Beck, Harry Huizinga, 25 October 2011

New taxes on banks are likely. The European Commission has proposed a financial transaction tax and a financial activities tax. This column evaluates those proposals and identifies other potential taxation mechanisms the EC has overlooked. It says that the proposed measures are poorly suited to curb excessively risky trading and eliminate undertaxation of the financial sector.

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