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Rules Versus Discretion in Bank Resolution. Lucy White, June 12, 2015, Paper. "We analyze the problem of a bank regulator who has the power to ‘bail in’ the debt of troubled …
Good cop, bad cop: Complementarities between debt and equity in disciplining management, Lucy White, October 2014, Paper. "We demonstrate an inherent conflict between ex ante…
Reputational Contagion and Optimal Regulatory Forbearance. Lucy White, August 30, 2013, Paper. "Existing studies suggest that systemic crises may arise because banks either hold…