Bearing the losses from bank and sovereign default in the Eurozone

This book contains the proceedings from the 2014 Annual Conference. The contributions published in this book discuss the new regulatory and supervisory architecture in the Eurozone, and loss distribution in the event of default of both banks and sovereigns. They all bring a collective answer to the complex question of ‘Bearing the losses’, which was central to the Eurocrisis crisis from the beginning. Should the losses be paid by the private or public sectors and if public, which taxpayers?