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Taxation, Industry Integration and Production Efficiency

Moriconi, Simone - 2016

economies. Theories of optimal taxation conclude that these taxes are detrimental to production efficiency, when firms operate … production units. The present paper investigates the effects of taxation on production efficiency, accounting for the … effect of this "tax induced organizational change" on production efficiency ultimately depends on the characteristics of the …

Persistent link: https://www.econbiz.de/10012984733

Reforming Financial Regulation to Address the Too-Big-To-Fail Problem

Wilmarth, Arthur E. - 2010

Persistent link: https://www.econbiz.de/10013140086

Consumer Protection Through Soft Law in an Era of Global Financial Crisis

Plato-Shinar, Ruth - 2019

The global financial crisis triggered a vast number of new laws and regulations at international level, including initiatives that can be classified as "soft law". The legitimacy and efficacy of these new norms are subject to intensive academic and political debates. At the same time, soft law...

Persistent link: https://www.econbiz.de/10012903436

Securitization and Crash Risk : Evidence from Large European Banks

Battaglia, Francesca - 2018

The 2008 global financial crisis highlights the importance of securitization and crash risk. Yet there is a dearth of papers exploring the link between securitization and crash risk. We analyze 7,096 securitization deals made by large European listed banks between 2000 and 2017. Our paper...

Persistent link: https://www.econbiz.de/10012906555

A Poisonous (?) Mix : Bail-Out of Credit Institutions Combined with Bail-In of Their Liabilities Under the BRRD – The Use of ‘Government Financial Stabilisation Tools’ (GFSTs)...

Gortsos, Christos - 2016

Articles 37(10) and 56-58 of Directive 2014/59/EU of the European Parliament and of the Council, of 15 May 2014, “establishing a framework for the recovery and resolution of credit institutions and investment firms (...)” (hereinafter the ‘BRRD') govern the provision of ‘extraordinary...

Persistent link: https://www.econbiz.de/10012978464

Institutional and Legal Aspects of the European Banking Union : Status Quo and the Way Forward

Gortsos, Christos - 2018

The aim of this paper is to briefly present and assess the institutional framework governing the (and some main legal aspects related to the) European Banking Union (EBU), as in force, and the proposals made or suggested in order to enhance it. The paper is structured in three (3) Sections: (1)...

Persistent link: https://www.econbiz.de/10012931350

Systemic Risk and Monetary Policy : The Haircut Gap Channel of the Lender of Last Resort

Jasova, Martina; Laeven, Luc; Mendicino, Caterina; … - 2021

We show that lender of the last resort (LOLR) policy contributes to higher bank interconnectedness and systemic risk. Using novel micro-level data, we analyze the haircut gap channel of LOLR – the difference between the private market and central bank haircuts. LOLR increases...

Persistent link: https://www.econbiz.de/10013225855

Determinants of Syndicated Lending in European Banks and the Impact of the Financial Crisis

Howcroft, J. Barry - 2013

Syndicated lending is a widely practiced alternative to traditional bilateral lending and within Europe the syndicated loan market increased significantly during the 2000s. Using a dataset consisting of 4,166 European banks, the authors examine the factors that determine the bank's willingness...

Persistent link: https://www.econbiz.de/10013077100

Italy in the Eurozone

Keuschnigg, Christian; Kirschner, Linda; Kogler, Michael; … - 2021

Using a DSGE model with nominal wage rigidity, we investigate two scenarios for the Italian economy. The first considers sustained policy commitment to reform. The results indicate the possibility of 'growing out of bad initial conditions', if fiscal consolidation is combined with a program for...

Persistent link: https://www.econbiz.de/10013315307

Italy in the Eurozone

Keuschnigg, Christian; Kirschner, Linda; Kogler, Michael; … - 2020

Persistent link: https://www.econbiz.de/10012244451

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