Bank funding strategy after the bail-in announcement
研究了欧元区银行在保释框架实施后，如何转向依赖存款等成本更低、保护更强的融资来源，减少债券等弱保护融资。
Euro area countries have recently moved to a new centralized bail-in framework by removing implicit public guarantees. Our paper analyzes banks' funding strategies after the bail-in proposal. We show that Euro area banks relied more on cheaper and better protected sources of funding, such as deposits, and reduced fund collection from sources with weaker creditor protection, such as bonds.