Too big to fail bailouts: a costly aid

Leoncini, Alessandra Sofia (A.A. 2020/2021) Too big to fail bailouts: a costly aid. Tesi di Laurea in Corporate finance, Luiss Guido Carli, relatore Ugo Zannini, pp. 62. [Bachelor's Degree Thesis]

Full text for this thesis not available from the repository.


The financial system and the rationale behind TBTF policies. The core functions of the financial system. Two major financial frictions: transaction costs and asymmetric information. The importance of the banking system as an external source of financing. The financial crisis and the need for regulation. The “too big to fail” doctrine. The drawbacks of government bailouts. Worthy of bailout: to be or not to be? Decreased market discipline and increased moral hazard. Competition distortion and artificial growth incentives. The financial burden on future generations and the diversion of resources away from potentially more beneficial uses. Dealing with the menace of TBTF: the Dodd-Frank act. Key provisions of the act. Flaws in the act.


Bibliografia: pp. 58-61.

Thesis Type: Bachelor's Degree Thesis
Institution: Luiss Guido Carli
Degree Program: Bachelor's Degree Programs > Bachelor's Degree Program in Economics and Business, English language (L-33)
Chair: Corporate finance
Thesis Supervisor: Zannini, Ugo
Academic Year: 2020/2021
Session: Autumn
Deposited by: Alessandro Perfetti
Date Deposited: 01 Mar 2022 09:30
Last Modified: 01 Mar 2022 09:30


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