Metadata only
Autor(in)
Datum
2011-04-02Typ
- Other Publication
ETH Bibliographie
yes
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Abstract
When banks failed, the government paid up. But the bankers responsible kept their bonuses from the years of excess. This column argues for “crisis contracts”. Such contracts require that, in the event of a crisis, bank managers forfeit a portion of their past earnings to rescue the banking system.
Publikationsstatus
publishedZeitschrift / Serie
VOX CEPR's Policy PortalVerlag
Centre for Economic Policy ResearchOrganisationseinheit
03729 - Gersbach, Hans / Gersbach, Hans
ETH Bibliographie
yes
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