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Author
Date
2011-04-02Type
- Other Publication
ETH Bibliography
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.
Publication status
publishedJournal / series
VOX CEPR's Policy PortalPublisher
Centre for Economic Policy ResearchOrganisational unit
03729 - Gersbach, Hans / Gersbach, Hans
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ETH Bibliography
yes
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