Research Handbook on Cross-Border Bank Resolution 2019 DOI: 10.4337/9781786435989.00007 View full text
Michael Anderson Schillig

Abstract: resolution regimes' 10 (1.4). We conclude with a tentative evaluation of the global resolution framework (1.5). 1.2 THE 'FINANCIAL TRILEMMA' According to Dani Rodrik, the world economy faces a 'political trilemma': 'hyperglobalization' 11 cannot be realized together with both democratic governance and national sovereignty. 12 In a similar vein, the resolution of global systemically important financial firms poses a 'financial trilemma': global financial stability (i) cannot be easily combined with enhanced cro…

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