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Fiscal capacity to support large banks

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  • Pia Hüttl
  • Dirk Schoenmaker

Abstract

During the global financial crisis and subsequent euro-debt crisis, the fiscal resources of some countries appeared to be insufficient to support their banking systems. These countries needed outside support to stabilise their banking systems and thereby their wider economies. This Policy Contribution assesses the potential fiscal costs of recapitalising large banks. Based on past financial crises, we estimate that the cost to recapitalise an individual bank amounts to 4.5 percent...

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  • Pia Hüttl & Dirk Schoenmaker, 2016. "Fiscal capacity to support large banks," Policy Contributions 16765, Bruegel.
    • Handle: RePEc:bre:polcon:16765
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    File URL: https://www.bruegel.org/wp-content/uploads/2016/10/PC_17_16-1.pdf
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    Cited by:

    1. Dirk Schoenmaker, 2020. "Trans-Tasman cooperation in banking supervision and resolution," Journal of Banking Regulation, Palgrave Macmillan, vol. 21(1), pages 15-25, March.
    2. Dirk Schoenmaker, 2018. "Resolution of international banks: Can smaller countries cope?," International Finance, Wiley Blackwell, vol. 21(1), pages 39-54, March.
    3. Manish K. Singh & Marta Gómez-Puig & Simón Sosvilla-Rivero, 2019. "“Increasing contingent guarantees: The asymmetrical effect on sovereign risk of different government interventions"," IREA Working Papers 201914, University of Barcelona, Research Institute of Applied Economics, revised Sep 2019.
    4. Dávila, Eduardo & Walther, Ansgar, 2020. "Does size matter? Bailouts with large and small banks," Journal of Financial Economics, Elsevier, vol. 136(1), pages 1-22.

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