Banking Crises and Bank Rescues: The Effect of Reputation
研究银行救助方案中，银行因声誉顾虑而不愿接受资本重组救助的现象，分析了监管者提供救助时银行犹豫的原因。
This paper focuses on bank rescue packages and on the behaviour of troubled banks in light of rescue offers. A puzzling feature of experience with banking crises is that in many cases policy authorities make offers of bank rescue, and banks are reluctant to accept these offers. We study situations in which regulators have decided to offer bank rescue plans, and we show that a combination of factors, including bankers' reputational concerns can explain banks' potential reluctance to accept offers of recapitalisation.