Bailouts: The lesser of two evils? |
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Authors: | Silvia Calò |
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Institution: | International Relations, Central Bank of Ireland, New Wapping Street, North Wall Quay, Dublin 1, Ireland |
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Abstract: | This paper investigates the relation between bailouts and regulation. Regulation, by limiting the room for government intervention in the market, can affect the likelihood and size of a bailout. While a higher level of regulation is associated with a lower likelihood of a direct acquisition, such countries resort to a higher use of State aid. The findings suggest the more transparent nature of direct acquisitions, makes them the lesser of two evils. In this light, policymakers should monitor State Aid and bailouts together, with the aim of making the former more transparent. |
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Keywords: | E6 H12 H81 Bailouts Regulation State aid |
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