Doluca, Hasan; Klüh, Ulrich; Wagner, Marco; Weder di … - Sachverständigenrat zur Begutachtung der … - 2010
This paper presents a proposal for a regulatory regime aimed at reducing systemic risk effectively and internationally. Systemic relevance should be internalized with a levy (or tax), the level of which (or tax rate) rises with the systemic relevance of an institution (Pigouvian taxation). The...