approach showing the conditions under which the initially proposed 100% leverage tax on non-leveraged activities such as … leverage ratio to these instruments, notably for developing countries' trade. This paper offers a relatively simple model … stand in the balance sheet of banks. Under these conditions, the model shows that leverage ratio may nullify in part 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 …