000 01689nab a2200277 c 4500
003 ES-MaIEF
005 20180521140220.0
007 t|
008 180521s2018 ||||| |||| 00| 0|eng d
040 _aES-MaIEF
_bspa
_cES-MaIEF
041 _aeng
100 1 _923506
_aKeen, Michael James
245 0 _aBank taxes, bailouts and financial crisis
_c Michael Keen
260 _c2018
500 _aDisponible en formato electrónico a través de la Biblioteca del IEF.
500 _aResumen.
504 _aBibliografía.
520 _aFollowing the Great Financial Crisis, more than a dozen countries adopted innovative bank taxes as part of their response. This paper characterizes, calibrates and discusses Pigovian taxes on bank borrowing to address externalities associated with either the collapse of systemic financial institutions or, to prevent that, public guarantees to bail out their creditors. It also characterizes optimal bailout policy, differentiating between circumstances in which the government can and cannot commit. Building on the analysis for a representative bank, it considers the implications for corrective taxation of various aspects of bank heterogeneity, connectedness, and asymmetries of information.
650 4 _932280
_aBANCOS
650 4 _947460
_aIMPUESTOS
650 4 _955516
_aCRISIS FINANCIERA
650 4 _944260
_aFINANCIACION
773 0 _9156143
_oOP 207/2018/1
_tFinanzArchiv
_w(IEF)21244
_x 0015-2218
_g v. 74, n. 1, March 2018, p. 4-33
856 _uhttp://docserver.ingentaconnect.com/deliver/connect/mohr/00152218/v74n1/s2.pdf?expires=1526904849&id=0000&titleid=10500&checksum=3B8A9222B1955D4EF8EEB4DE50EA7DE2
942 _2udc
_cART
999 _c138068
_d138068