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Corruption in tax and taxing the corruption
Pazhanisamy, R. - 2019
of corruption in the society all farms of corruptions has to be internalized by introducing a permit and tax for …
Persistent link: https://www.econbiz.de/10012119899
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On the incidence of a financial transactions tax in a model with fire sales
Bierbrauer, Felix - 2012
banks, a financial transactions tax contributes to financial distress and undoes other policy measures that are used to …This paper studies the impact of a financial transactions tax on a financial market where financial institutions trade …. There are two main results: First, if all banks have enough liquidity so that they can honor their short-term obligations, a …
Persistent link: https://www.econbiz.de/10009571254
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Do proprietary traders provide liquidity?
Bergman, Nittai K.; Kadan, Ohad; Michaely, Roni; … - 2020
Whether proprietary traders provide or take liquidity, and how their behavior evolves over the business cycle and across stocks, remains at the center of an ongoing debate. Using a unique dataset from the NYSE, we document that proprietary traders concentrate their trades in large and liquid...
Persistent link: https://www.econbiz.de/10012419705
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Did Saving Wall Street Really Save Main Street? The Real Effects of TARP on Local Economic Conditions
Berger, Allen N. - 2016
We investigate whether saving Wall Street through the Troubled Assets Relief Program (TARP) really saved Main Street during the recent financial crisis. Our difference-in-difference analysis suggests that TARP statistically and economically significantly increased net job creation and net hiring...
Persistent link: https://www.econbiz.de/10013006410
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Models of financial stability and their application in stress tests
Aymanns, Christoph; Farmer, J. Doyne; Kleinnijenhuis, … - 2017
that are driven by out of equilibrium behavior, such as clustered volatility and fat tails. We argue that traditional … banks …
Persistent link: https://www.econbiz.de/10011906282
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On the Incidence of a Financial Transactions Tax in a Model with Fire Sales
Bierbrauer, Felix J. - 2012
banks, a financial transactions tax contributes to financial distress and undoes other policy measures that are used to …This paper studies the impact of a financial transactions tax on a financial market where financial institutions trade …. There are two main results: First, if all banks have enough liquidity so that they can honor their short-term obligations, a …
Persistent link: https://www.econbiz.de/10013104166
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How can a Currency Transaction Tax Stabilize Foreign Exchange Markets?
Jetin, Bruno - 2021
-fixed exchange rates thanks to capital controls, James Tobin conceived his now famous “Tobin tax”. Since then, some supporters of his …) in particular has proposed a two-tier Currency Transaction Tax (hereafter CTT). The CTT could curb the usual speculation …
Persistent link: https://www.econbiz.de/10013229737
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The effects of margin changes on commodity futures markets
Daskalaki, Charoula; Skiadopoulos, George - 2014 - This draft: 24 October 2014
In light of the recently passed 2010 Dodd-Frank Act, we assess the effect of margin changes on prices, the risk-sharing between speculators and hedgers, and the price stability of 20 commodity futures markets. We find that margin increases decrease the rate at which prices change, yet they...
Persistent link: https://www.econbiz.de/10010472794
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Reducing systemic relevance : a proposal
Doluca, Hasan; Klüh, Ulrich; Wagner, Marco; Weder, Beatrice - 2010 - This version: 18 May 2010
. Systemic relevance should be internalized with a levy (or "tax"), the level of which (or "tax rate") rises with the systemic …
Persistent link: https://www.econbiz.de/10009751384
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The shadow banking system : implications for financial regulation
Adrian, Tobias; Shin, Hyun Song - 2009
fragility of the entire financial system by allowing banks and other intermediaries to “leverage up” by buying one another …
Persistent link: https://www.econbiz.de/10003864595