Abstract

GAROUPA, Nuno. The forgotten aspects of bank resolution mechanisms. e-Pública [online]. 2016, vol.3, n.1, pp.01-12. ISSN 2183-184X.

Using the resolution applied to Banco Espírito Santo as an example, we suggest a short con-sideration of legal, regulatory and political aspects in relation to banking failure. We conclude that if the legal, regulatory and political dimensions are ignored, banking resolutions could increase transaction costs more generally than otherwise.

Keywords : litigation; transaction costs; banking resolution; regulation.

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