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The recent crisis revived interest in financial transaction taxes (FTTs) as a means to offset negative risk externalities. However, up-to-date academic research does not provide sufficient insights into the effects of transaction taxes on financial markets as the literature has here-to-fore been...
Persistent link: https://www.econbiz.de/10013056246
for regional-level institutions of financial regulation between national regulators in Asia and global-level institutions … sector surveillance and regulation to promote regional financial stability; and (iii) cooperating with global … Asia in regional financial cooperation and regulation and draws lessons for Asia. The EU represents the most advanced stage …
Persistent link: https://www.econbiz.de/10013058947
mediating role for regional-level institutions of financial regulation between national regulators in Asia and global … financial sector surveillance and regulation to promote regional financial stability; and (iii) cooperating with global … Asia in regional financial cooperation and regulation and draws lessons for Asia. The EU represents the most advanced stage …
Persistent link: https://www.econbiz.de/10010240660
This paper studies the impact of a financial transactions tax on a financial market where financial institutions trade with each other. Assets are marked to the market and financial institutions with negative equity are forced out of business. There are two main results: First, if all banks have...
Persistent link: https://www.econbiz.de/10013104166
Persistent link: https://www.econbiz.de/10009705613
Persistent link: https://www.econbiz.de/10012905124
Persistent link: https://www.econbiz.de/10012225127
One important source of systemic risk can arise from asset commonality among financial institutions. This indirect interconnection may occur when financial institutions invest in similar or correlated assets and it is also described as overlapping portfolios. In this paper, we propose a new...
Persistent link: https://www.econbiz.de/10013373564
efficient. Implications for welfare and regulation therefore depend highly on the nature of the shocks and the competitiveness …
Persistent link: https://www.econbiz.de/10011806238
This paper studies the impact of a financial transactions tax on a financial market where financial institutions trade with each other. Assets are marked to the market and financial institutions with negative equity are forced out of business. There are two main results: First, if all banks have...
Persistent link: https://www.econbiz.de/10009571254