The Economics of Bank Insolvency, Restructuring and Recapitalization

Helmut Elsinger and Martin Summer

Financial Stability Report, 2010, issue 20, 115-122

Abstract: Bank insolvency law, bank restructuring and the recapitalization of banks are not only legal or administrative issues but are of preeminent economic importance. To highlight the economic perspective, the OeNB hosted a two-day workshop on September 16 and 17, 2010, that was organized jointly by the OeNB’s Economic Studies Division and the Bonn-based Max Planck Institute for Research on Collective Goods. Controversial and intense discussions proved that there are many innovative ideas to tackle the problems but that there is also a great need for economic policy discussion.

Date: 2010
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