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We show strong overall and heterogeneous economic incidence effects, as well as distortionary effects, of only shifting statutory incidence (i.e., the agent on which taxes are levied), without any tax rate change. For identification, we exploit a tax change and administrative data from the...
Persistent link: https://www.econbiz.de/10012668346
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame … Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial … College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …
Persistent link: https://www.econbiz.de/10011557140
the competitive effects of such policies in two models with different degrees of transparency in the banking sector. Our … and on welfare depend on the transparency of the banking sector. …-out guarantee. The reason is that the prospect of a bail-out induces the rotected bank to expand, thereby intensifying competition …
Persistent link: https://www.econbiz.de/10010361991
Persistent link: https://www.econbiz.de/10010349115
.S. banking industry. We employ a frequency decomposition of volatility spillovers (connectedness) to assess system-wide risk … the public, long-term systemic risk among banks tends to increase. From the dynamic perspective, bank penalties represent … long-term. In this respect, bank penalties resemble still waters that run deep. In contrast, a settlement with regulatory …
Persistent link: https://www.econbiz.de/10012697108
banking organizations. Our analysis is based on security-level data on individual bank portfolios matched to bond …Bank capital requirements are based on a mix of market values and book values. We investigate the effects of a policy …
Persistent link: https://www.econbiz.de/10011868435
firm incentives in a post-reform financial system. -- Financial regulatory reform ; corporate governance ; bank charter … ; bank insolvency …
Persistent link: https://www.econbiz.de/10008657240
empirical support. We conclude that bank equity is not socially expensive, and that high leverage at the levels allowed, for … makes banking inefficient. Better capitalized banks suffer fewer distortions in lending decisions and would perform better …
Persistent link: https://www.econbiz.de/10010203632
U.S. banks have increasingly diversified into activities traditionally considered as non-core for the banking sector … contributes to the current debate on the optimal scope of bank activities, and highlights novel channels through which …
Persistent link: https://www.econbiz.de/10011518813
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame … Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial … College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …
Persistent link: https://www.econbiz.de/10011554963