Gianfelice, Gianfranco; Marotta, Giuseppe; Torricelli, … - Dipartimento di Economia "Marco Biagi", Università … - 2013
We provide an assessment of the IMF suggestion, based on Severo (2012), to use an index of systemic liquidity risk (SLRI) that could help to estimate a Pigouvian tax on large banks for the externality on the international banking system out of their risk exposure. To this end we compute a...