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Freeze! Financial Sanctions and Bank Responses
Efing, Matthias - 2019
to analyze eleven sanctions episodes between 2002 and 2015, we find that banks located in Germany reduce their positions … adjust its positions after the imposition of sanctions. For affiliated banks located in countries with low financial …
Persistent link: https://www.econbiz.de/10012892162
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Freeze! Financial Sanctions and Bank Responses
Efing, Matthias; Goldbach, Stefan; Nitsch, Volker - 2018
to analyze eleven sanctions episodes between 2002 and 2015, we find that banks located in Germany reduce their positions … adjust its positions after the imposition of sanctions. For affiliated banks located in countries with low financial …
Persistent link: https://www.econbiz.de/10012018115
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The regulatory response to the financial crisis
Goodhart, Charles A. E. - 2008
regimes, also known as prompt corrective action'; 3. Money market operations by Central Banks; 4. Commercial bank liquidity …
Persistent link: https://www.econbiz.de/10010264328
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Embedded Supervision: How to Build Regulation into Decentralised Finance
Auer, Raphael A. - 2022
The emergence of so-called "decentralised finance" (DeFi) and a shadow financial system of cryptocurrency exchanges and stablecoin issuers raises the challenge of how to apply technology-neutral regulation so that similar risks are subject to the same rules. This paper makes the case for...
Persistent link: https://www.econbiz.de/10013353383
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Did Globalization Influence Credit Market Deregulation
Eppinger, Peter; Potrafke, Niklas - 2015
We investigate whether globalization influenced credit market deregulation over the period 1970-2010. Globalization is measured by the KOF indices of globalization. Credit market deregulation is measured by the credit market freedom indicators of the Fraser Institute. The results from both...
Persistent link: https://www.econbiz.de/10010531850
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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/10010287194
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Embedded Supervision : How to Build Regulation into Decentralised Finance
Auer, Raphael - 2022
The emergence of so-called “decentralised finance” (DeFi) and a shadow financial system of cryptocurrency exchanges and stablecoin issuers raises the challenge of how to apply technology-neutral regulation so that similar risks are subject to the same rules. This paper makes the case for...
Persistent link: https://www.econbiz.de/10013405970
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The Taxation of Bilateral Trade with Endogenous Information
Dang, Tri Vi; Morath, Florian - 2015
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 …
Persistent link: https://www.econbiz.de/10010480851
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Local fiscal equalization in Estonia : is a reform necessary?
Friedrich, Peter; Nam, Chang Woon; Reiljan, Janno - 2009
Estonian municipalities should perform a broad range of functions, while their fiscal resources are often limited and large disparities in fiscal capacity prevail among them. Moreover, the power to regulate fiscal affairs is mostly in the hands of the central government. We discuss how a strict...
Persistent link: https://www.econbiz.de/10010266052
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Old George Orwell got it backward : some thoughts on behavioral tax economics
Slemrod, Joel - 2009
people who comprise the state. In this essay I address one aspect of this issue how it affects an economic 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. …
Persistent link: https://www.econbiz.de/10010276630