Wind-Down Plans As an Alternative to Bailouts: The Cross-Border Challenges

Richard J. Herring
Additional contact information
Richard J. Herring: ?

Working Papers from University of Pennsylvania, Wharton School, Weiss Center

Abstract: Bailouts of systemically important financial institutions (SIFIs) have required interventions in the United Kingdom, United States, and euro area totaling over $14 trillion, equivalent to about a quarter of the global GDP. SIFIs are deemed too big or too complex or too interrelated to be permitted to cause loss to creditors or counterparties, although generally these institutions are referred to as simply "too big to fail," which ignores some of the most important dimensions of the problem.

Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://fic.wharton.upenn.edu/fic/papers/10/10-08.pdf
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://fic.wharton.upenn.edu/fic/papers/10/10-08.pdf [301 Moved Permanently]--> https://wifpr.wharton.upenn.edu/fic/papers/10/10-08.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecl:upafin:10-08

Access Statistics for this paper

More papers in Working Papers from University of Pennsylvania, Wharton School, Weiss Center Contact information at EDIRC.
Bibliographic data for series maintained by ().