Abolishing Public Guarantees in the Absence of Market Discipline # 437

  title={Abolishing Public Guarantees in the Absence of Market Discipline # 437},
  author={Tobias K{\"o}rner and Isabel Schnabel},
The working papers published in the Series constitute work in progress circulated to stimulate discussion and critical comments. Views expressed represent exclusively the authors' own opinions and do not necessarily refl ect those of the editors. Die Deutsche Bibliothek verzeichnet diese Publikation in der deutschen National-bibliografi e; detaillierte bibliografi sche Daten sind im Internet über: Abstract This paper shows that the abolition of state guarantees to publicly owned banks in… CONTINUE READING


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