Agostino Capponi
Biographic Data
| ID | 5867320 |
|---|---|
| NAME | Agostino Capponi |
| GIVEN NAMES | Agostino |
| FAMILY NAME | Capponi |
| SIGNATURE | CAPPONI A |
| AFFILIATIONS | Columbia University |
| ORCID | 0000-0001-9735-7935 |
| VERIFIED | Yes |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 1 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2022 |
| LATEST PUBLICATION YEAR | 2022 |
| H-INDEX | 0 |
Bail-Ins and Bailouts
This paper endogenizes intervention in financial crises as the strategic negotiation between a regulator and creditors of distressed banks. Incentives for banks to contribute to a voluntary bail-in arise from their exposure to financial contagion. In equilibrium, a bail-in is possible only if the regulator's threat to not bail out insolvent banks is credible. Contrary to models without intervention or with government bailouts only, sparse network…
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Bail-Ins and Bailouts
This paper endogenizes intervention in financial crises as the strategic negotiation between a regulator and creditors of distressed banks. Incentives for banks to contribute to a voluntary bail-in arise from their exposure to financial contagion. In equilibrium, a bail-in is possible only if the regulator's threat to not bail out insolvent banks is credible. Contrary to models without intervention or with government bailouts only, sparse network…
Bailout (1 work) · Banking stability, regulation, efficiency (1 work) · Business (1 work) · Credibility (1 work) · Creditor (1 work) · Economic theories and models (1 work) · Economics (1 work) · Finance (1 work) · Finance (1 work) · Financial crisis (1 work)