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Bad banks in the EU: the impact of Eurostat rules

by Christopher Gandrud and Mark Hallerberg on 16th December 2014

Bad banks in the EU: the impact of Eurostat rules

 At least 12 European Union member states used publicly created asset management companies (AMCs), otherwise known as a ‘badbanks’ to respond to the recent financial crisis. This tool remains an option for future bank resolutions under the EU Bank Recovery andResolution Directive. This working paper assesses the design of AMCs in the recent crisis and why their form has changed.

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