Doluca, Hasan; Klüh, Ulrich; Wagner, Marco; Weder, Beatrice - 2010 - This version: 18 May 2010
. Systemic relevance should be internalized with a levy (or "tax"), the level of which (or "tax rate") rises with the systemic … relevance of an institution (Pigouvian taxation). The levy should be complemented by a Systemic Risk Fund which is endowed with …