Setting forth the building blocks of banking bailout law, this book reconstructs a regulatory framework that might better serve countries during future crisis s

Includes a new foreword to the paperback edition.

The bailouts during the recent financial crisis enraged the public. They felt unfair—and counterproductive: people who take risks must be allowed to fail. If

The potential failure of a large bank presents vexing questions for policymakers. It poses significant risks to other financial institutions, to the financial s

During the high interest times in the 1970's and 1980's, the banks and the savings and loan associations were under heavy financial pressure. Hundreds of them f