Regulatory bank levies set incentives for banks to reduce leverage. At the same time, corporate income taxation makes funding through debt more attractive. In this paper, we explore how regulatory levies affect bank capital structure, depending on ..
This study investigates the interrelation between the household leverage cycle, collateral constraints, and monetary policy. Using data on the U.S. economy, we find that a contractionary monetary policy shock leads to a large and significant fall in
Using panel data of 17 OECD countries for 1980–2011, we find that the distributional consequences of fiscal consolidations depend significantly on the level of private indebtedness. Austerity leads to a strong and persistent increase in income ...
The current banking regulatory framework assigns EU government bonds a risk weight of zero. Since the European debt crisis, there has been increasing controversy over eliminating this equity capital privilege, which is viewed as contributing to the .
Das aktuelle Regelwerk zur Bankenregulierung erlaubt ein Risikogewicht von null für EU-Staatsanleihen. Seit der europäischen Verschuldungskrise wird verstärkt über die Aufhebung des Eigenkapitalprivilegs gestritten, weil die Nullgewichtung als ei
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