banks, a financial transactions tax contributes to financial distress and undoes other policy measures that are used to …This paper studies the impact of a financial transactions tax on a financial market where financial institutions trade …. There are two main results: First, if all banks have enough liquidity so that they can honor their short-term obligations, a …

show that a profit tax and a transaction tax have opposite implications for equilibrium outcome in bargaining. A marginal … increase of a transaction tax increases the incentive to produce private information which creates adverse selection and … reduces the probability of trade. In contrast, a marginal increase of a profit tax reduces the incentive to produce …

analysis of tax systems. In addressing this task I ask, and offer some tentative answers to, what is distinctive about … behavioral tax economics as a sub-field of behavioral economics and as a sub-field of tax economics. -- complexity ; compliance …

a difference-in-difference setting in which private domestic banks serve as the treatment group and state and foreign …-owned banks, whose deposit insurance regime does not change, serve as a control group. …

This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank … guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank …, and that their sovereign partially backs up any losses, should the banks not be able to repurchase the bonds. I argue that …

III rules, thus suggesting a 'race to the top' in capital standards. We study regulatory competition when banks are … pool quality of banks in each country and inflict negative externalities on neighboring jurisdictions by shifting risks to …

We introduce a model of the banking sector that formally incorporate a buffer function of capital. Heterogeneous banks … choose their portfolio risk, bank size, and capital holdings. Banks voluntarily hold equity when the buffer effect against … the risk of default outweighs the cost advantages of debt financing. In the optimum, banks with lower monitoring costs are …