August 2018: New VoxEU Column. Bank resolution and the structure of global banks.
Bolton, P., and M. Oehmke (2018): Bank resolution and the structure of global banks. When banks are too big to fail, resolution frameworks for are hobbled by the mismatch between their global nature and the national scope of regulators. This column argues that while a ‘single point of entry’ resolution is efficient, it is often[…]