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Bad banks in the EU- the impact of Eurostat rules

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  • Christopher Gandrud
  • Mark Hallerberg

Abstract

• At least 12 European Union member states used publicly created asset management companies (AMCs), otherwise known as a ‘badbanks’ to respond to the recent financial crisis. This tool remains an option for future bank resolutions under the EU Bank Recovery and Resolution Directive.• We assess the design of AMCs in the recent crisis and why their form has changed. Through its role as definer of statistical concepts used under...

Suggested Citation

  • Christopher Gandrud & Mark Hallerberg, 2014. "Bad banks in the EU- the impact of Eurostat rules," Working Papers 864, Bruegel.
    • Handle: RePEc:bre:wpaper:864
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    References listed on IDEAS

    as
    1. Emiliano Grossman & Cornelia Woll, 2014. "Saving the Banks: The Political Economy of Bailouts," Sciences Po publications info:hdl:2441/5adcidkke9o, Sciences Po.
    2. repec:hal:spmain:info:hdl:2441/5adcidkke9omt0s9p8s03ic8p is not listed on IDEAS
    3. Dyson, Kenneth, 2014. "States, Debt, and Power: 'Saints' and 'Sinners' in European History and Integration," OUP Catalogue, Oxford University Press, number 9780198714071.
    4. Pepper D. Culpepper & Raphael Reinke, 2014. "Structural Power and Bank Bailouts in the United Kingdom and the United States," Politics & Society, , vol. 42(4), pages 427-454, December.
    5. André Sapir & Guntram B. Wolff, 2013. "The neglected side of banking union- reshaping Europe’s financial system," Policy Contributions 792, Bruegel.
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    Cited by:

    1. Michael Brei & Leonardo Gambacorta & Marcella Lucchetta & Marcella Lucchetta, 2020. "Bad bank resolutions and bank lending," BIS Working Papers 837, Bank for International Settlements.
    2. Brei, Michael & Gambacorta, Leonardo & Lucchetta, Marcella & Parigi, Bruno Maria, 2023. "How effective are bad bank resolutions? New evidence from Europe," Journal of Financial Stability, Elsevier, vol. 67(C).
    3. Niels D. Gilbert & Jasper F.M. Jong, 2017. "Do European fiscal rules induce a bias in fiscal forecasts? Evidence from the Stability and Growth Pact," Public Choice, Springer, vol. 170(1), pages 1-32, January.
    4. Martin Hellwig, 2017. "Carving out legacy assets: a successful tool for bank restructuring?," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2017_03, Max Planck Institute for Research on Collective Goods.
    5. Ardit Gjeçi & Matej Marinč & Vasja Rant, 2023. "Non-performing loans and bank lending behaviour," Risk Management, Palgrave Macmillan, vol. 25(1), pages 1-26, March.

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