of corruption in the society all farms of corruptions has to be internalized by introducing a permit and tax for …

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 …

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 …

-fixed exchange rates thanks to capital controls, James Tobin conceived his now famous “Tobin tax”. Since then, some supporters of his …) in particular has proposed a two-tier Currency Transaction Tax (hereafter CTT). The CTT could curb the usual speculation …

. Systemic relevance should be internalized with a levy (or "tax"), the level of which (or "tax rate") rises with the systemic …

We take issue with claims that the funding mix of banks, which makes them fragile and crisisprone, is efficient because … banks' distress and default cause, such claims are invalid because banks have multiple small creditors and are unable to … entails costs to society, such regulation actually helps create useful commitment for banks to avoid the inefficiently high …

We take issue with claims that the funding mix of banks, which makes them fragile and crisis-prone, is efficient … that banks' distress and default cause, such claims are invalid because banks have multiple small creditors and are unable … funding mix entails costs to society, such regulation actually helps create useful commitment for banks to avoid the …

We develop a model of the joint capital structure decisions of banks and their borrowers. Strikingly high bank leverage … that highly levered financial intermediaries can offer the lowest interest rates. Low asset volatility enables banks to … borrowers, which can paradoxically lead to riskier banks. Doubling current capital requirements would reduce the default risk of …