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 …

regimes, also known as ‘prompt corrective action’; 3. Money market operations by Central Banks; 4. Commercial bank liquidity …

show that a profit tax and a transaction tax have opposite implications for equilibrium outcome in bargaining. A marginal … increase of a transaction tax increases the incentive to produce private information which creates adverse selection and … reduces the probability of trade. In contrast, a marginal increase of a profit tax reduces the incentive to produce …

analysis of tax systems. In addressing this task I ask, and offer some tentative answers to, what is distinctive about … behavioral tax economics as a sub-field of behavioral economics and as a sub-field of tax economics. …

The current financial crisis has sparked intense debate about how weak banks should be resolved. Despite international …

supervision of domestic banks. The regulator faces a trade-off: high capital requirements cause a drop in the banks’ profitability …