Eventi
Luglio
2020
Luglio
2020

Simplifying Offloading Applications to the Network

Facoltà di scienze informatiche
Luglio
2020

Building Blocks for Leveraging In-Network Compute

Facoltà di scienze informatiche
Luglio
2020

Scaling State Machine Replication

Facoltà di scienze informatiche
Settembre
2020
Settembre
2020

CANCELLATO - IFin Seminar, Denis Gromb, HEC Paris - "Financial Restructuring and Resolution of Banks"

Istituto di finanza

Data: / -

Tema del Seminario: "Financial Restructuring and Resolution of Banks"

 

Prof. Denis Gromb, HEC Paris

12:15 - 13:30

Aula A-33 (palazzo rosso)

Campus di Lugano

 

Abstract

How do resolution frameworks affect the private restructuring of distressed banks? We model a distressed bank’s shareholders and creditors negotiating a restructuring given asymmetric information about asset quality and externalities onto the government. This yields negotiation delays used to signal asset quality. we find that strict bail-in rules increase delays by worsening informational frictions and reducing bargaining surplus. We characterize optimal bail-in rules for the government. We then consider the government’s possible involvement in negotiations. We find this can lead to shorter or longer delays. Notably, the government may gin from committing not to partake in negotiations.

Facoltà