Series: IMF Working Papers
Author(s): Daniel Hardy
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 18 July 2013
Keywords: Bankruptcy costs, depositor preference, asset encumbrance, banking, segmentation, bank funding, debt restructuring, Government Policy and Regulation,
Depositor preference and collateralization of borrowing may reduce the cost of settling the conflicts among creditors that arises in case of resolution or bankruptcy. This net benefit, which may be capitalized into...