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Article
Getting bank governance right
Shareholders are the residual claimants on the assets of a corporation. Creditors are fixed claimants whose interest lies in the solvency of the borrower. Consequently, shareholders are usually thought to have...
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Article
Open AccessUnidirectional Kondo scattering in layered NbS2
Crystalline defects can modify quantum interactions in solids, causing unintuitive, even favourable, properties such as quantum Hall effect or superconducting vortex pinning. Here we present another example of...
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Article
Open AccessThe Bail-in Beyond Unpredictability: Creditors’ Incentives and Market Discipline
The market discipline of creditors on the risk-taking behaviour of borrowing banks represents a long-lasting debate. Such a debate gained new attention after the post-crisis stream of reforms concerning resolu...
