BoE paper studies public banking interventions

A Bank of England (BoE) working paper, published on August 21, presents empirical evidence on the causes and consequences of public banking interventions in the UK.

The authors, Andrew Rose and Tomasz Wieladek, observe the size of a bank relative to the banking system as a whole has a "positive but declining effect on the probability of an official rescue".

The paper then attempts to judge the success of interventions during the financial crisis that started in 2007, using access to wholesale

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