’ possibilities of engaging in tax planning via debt shifting. This paper analyzes the effects of thin capitalization rules in the …

100% leverage tax on assets such as letters of credit would reduce their natural attractiveness relative to higher … created leverage ratio for trade. This paper offers a relatively simple model approach showing the conditions under which the …-risk ones, which stand in the balance sheet of banks. The decision by the Basel Committee in early 2014 weakening the leverage …

unweighted leverage requirements, their differential impact on bank lending, and equity buffer accumulation in excess of …. Tighter leverage requirements, on the other hand, increase lending, preserve bank charter value and incentives to accumulate …

the risk of default outweighs the cost advantages of debt financing. In this setting, banks with lower monitoring costs …

the risk of default outweighs the cost advantages of debt financing. In the optimum, banks with lower monitoring costs are …

market financing, debt or equity financing - seems to be particularly harmful or beneficial for growth. …

This paper considers the implications of asymmetric information in capital markets for entrepreneurial entry and tax … tax policy should discourage rather than subsidize entrepreneurial entry. We also nalyse the welfare effects of project …