Assessing Large Financial Firm Resolvability
Renee Courtois Haltom,
Arantxa Jarque and
John Walter ()
Richmond Fed Economic Brief, 2018, issue June
A large financial institution may be said to be "resolvable" if, in the event of failure, policymakers would allow it to go through bankruptcy without financial assistance from the government. The choice between bankruptcy or bailout trades off different sets of costs on the economy. This Economic Brief presents a new tool that could assist policymakers with this evaluation, potentially helping to curb the "too big to fail" problem, serving as a useful complement to the "living wills" process, and making the resolution process more transparent.
Keywords: global systemically important banks; resolvability; GSIB (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://www.richmondfed.org/-/media/richmondfedorg ... 018/pdf/eb_18-06.pdf Full text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:fip:fedreb:00065
Ordering information: This journal article can be ordered from
Access Statistics for this article
More articles in Richmond Fed Economic Brief from Federal Reserve Bank of Richmond Contact information at EDIRC.
Bibliographic data for series maintained by ().