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The Economics of Bank Bankruptcy Law

  • Matej Marinč
  • Razvan Vlahu

Table of contents

  1. Front Matter
    Pages i-xiii
  2. Matej Marinč, Razvan Vlahu
    Pages 1-4
  3. Matej Marinč, Razvan Vlahu
    Pages 5-19
  4. Matej Marinč, Razvan Vlahu
    Pages 21-63
  5. Matej Marinč, Razvan Vlahu
    Pages 65-84
  6. Matej Marinč, Razvan Vlahu
    Pages 85-96
  7. Matej Marinč, Razvan Vlahu
    Pages 97-131
  8. Matej Marinč, Razvan Vlahu
    Pages 147-148
  9. Matej Marinč, Razvan Vlahu
    Pages 149-158

About this book

Introduction

This book shows that a special bank bankruptcy regime is desirable for the efficient restructuring and/or liquidation of distressed banks. It explores in detail both the principal features of corporate bankruptcy law and the specific characteristics of banks including the importance of public confidence, negative externalities of bank failures, fragmented regulatory framework, bank opaqueness, and the related asset-substitution problem and liquidity provision. These features distinguish banks from other corporations and are largely neglected in corporate bankruptcy law. The authors, an assistant professor for money and finance and a research economist at the Dutch Central Bank, propose changes in both prudential regulation and reorganization policies that should allow regulators and banking authorities to better mitigate disruptions in the financial system and minimize the social costs of bank failures. Their recommendations are complemented by a discussion of bank failures from the 2007–2009 financial crisis.

Keywords

Bank Bankruptcy Bank Restructuring Banking Bankruptcy Law Financial Crisis

Authors and affiliations

  • Matej Marinč
    • 1
  • Razvan Vlahu
    • 2
  1. 1.Faculty of Economics, Department for Money and FinanceUniversity of LjubljanaLjubljanaSlovenia
  2. 2.AmsterdamNetherlands

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-21807-1
  • Copyright Information Springer-Verlag Berlin Heidelberg 2012
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Business and Economics
  • Print ISBN 978-3-642-21806-4
  • Online ISBN 978-3-642-21807-1
  • Buy this book on publisher's site