Bail-in rules and the pricing of Italian bank bonds
(2019)
Journal Article
Crespi, F., Giacomini, E., & Mascia, D. V. (2019). Bail-in rules and the pricing of Italian bank bonds. European Financial Management, 25(5), 1321-1347. https://doi.org/10.1111/eufm.12206
We analyze whether the introduction of the bail-in tool in January 2016 affected the pricing of Italian bank bonds. Using a unique dataset of 1,798 fixed-rate bonds issued during the period 2013–2016, we find an increase of the spread at issuance of... Read More about Bail-in rules and the pricing of Italian bank bonds.