Bank funding strategy after the bail-in announcement

Franco Fiordelisi and Giulia Scardozzi

Journal of Corporate Finance, 2022, vol. 74, issue C

Abstract: Euro area countries have recently moved to a new centralized bail-in framework by removing implicit public guarantees. Our paper analyzes banks' funding strategies after the bail-in proposal. We show that Euro area banks relied more on cheaper and better protected sources of funding, such as deposits, and reduced fund collection from sources with weaker creditor protection, such as bonds.

Keywords: Bail-in; Banking stability; Bank funding; Liability management (search for similar items in EconPapers)
JEL-codes: G21 G28 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:corfin:v:74:y:2022:i:c:s092911992200058x

DOI: 10.1016/j.jcorpfin.2022.102215

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