Financial Activities Taxes and Banks' Systemic Risk
The recent financial crisis has highlighted the risks posed by individual banks to the entire banking system. Next to the issue of determining individual contributions to systemic risk, the question of additional taxes on the financial sector has been debated. This paper uses SYMBOL, a micro-simulation model of the banking system, to estimate these individual contributions and compares them to the potential individual tax liabilities of banks under the assumption of a Financial Activity Tax.
CANNAS Giuseppina;
CARIBONI Jessica;
MARCHESI Massimo;
NICODÈME Gaëtan;
PETRACCO GIUDICI Marco;
ZEDDA Stefano;
2013-02-25
Publications Office of the European Union
JRC75304
978-92-79-26420-7,
1831-9424,
EUR 25515 EN,
OP LB-NA-25515-EN-N,
https://publications.jrc.ec.europa.eu/repository/handle/JRC75304,
10.2788/49470,
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