Who Pays for Bank Insolvency? David G. Mayes, Aarno Liuksila, Thorsten Beck, Bethany Blowers, Henk Brouwer, Peik Granlund, Christo

How to avoid taxpayers paying for bank failures and banking crises? This book provides a proposal and a critique by twelve independent experts. It is addressed particularly to the threat posed in Europe by having large international banks, a historyof bailouts and limited means of resolving any future banking crises. It shows how political imperatives and legal constraints currently result in economic losses in many countries round the world.