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We identify investor moral hazard in the German fiscal federation. Our identification strategy is based on a variable, which was used by the German Federal Constitutional Court as an indicator to determine eligibility of two German states (Länder) to a bail-out, the interest payments-to-revenue...
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distribution of fiscal transfers in Germany's intergovernmental transfer system over the period 1970-2002. It can be shown that …
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distribution of fiscal transfers in Germany's intergovernmental transfer system over the period 1970-2002. It can be shown that …
Persistent link: https://www.econbiz.de/10010276579
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