Auboin, Marc; Blengini, Isabella - 2014 - Manuscript date: January 17, 2014
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 …