And, finally, if the resolution regime manages to separate stabilising the bank from rescuing its owners and creditors, it also reduces moral hazard and thereby the likelihood of future crises. A related proposal that might be worth discussing is the concept of “living wills”.
In a survey conducted in 2015, 61 percent of young adults reported feeling optimistic about job opportunities, compared with 45 percent who felt that way in 2013. -2But it also looks like the economic gains of the past few years are finally raising living standards for most people.