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If there is a politically feasible way out of the crisis, it will be through revenue neutral fiscal incentives adopted …
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politically feasible way out of the crisis, it will be through revenue neutral fiscal incentives adopted by the individual …
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As a public policy goal, moderation of financial instability has gained some prominence in the face of the current credit contraction. Not surprisingly perhaps, the role of tax policy in exacerbating instances of financial instability has begun to receive some attention in the tax-policy...
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incentives to implement such a trigger? We construct a theoretical model of a bank that is financed with debt and equity, and a …. However, we show that the board may implement a contract with insufficient incentives to communicate a warning, as refinancing …
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