In the wake of the financial crisis, a number of countries have introduced Pigouvian levies on bank liabilities associated with systemic risk. We study how the levies have affected bank capital structure using a rich panel dataset for European banks. Our results suggest that the levies have...

This article examines the European Commission’s Proposal for a Council Directive implementing a Financial Transaction Tax through the enhanced cooperation procedure published on February 14, 2013. It starts by providing a brief description and analysis of the Proposal and the accompanying...

This article examines the European Commission’s Proposal for a Council Directive implementing a financial transaction tax through the enhanced cooperation procedure published on February 14, 2013. It starts by providing a brief description and analysis of the Proposal and the accompanying...

On 21 May 2013, Mendel University, Faculty of Business and Economics (Brno, Czech Republic) together with Vienna University of Economics, Institute for Austrian and International Tax Law (Wien, Austria) organized an exploratory workshop in Brno, as the starting point of the Research Project on...

In the wake of the financial crisis, a number of countries have introduced levies on bank borrowing with the aim of reducing risk in the financial sector. This paper studies the behavioural responses to the bank levies and evaluates the policy. We find that the levies induced banks to borrow...