Title: Financial Activities Taxes and Banks' Systemic Risk
Authors: CANNAS GIUSEPPINACARIBONI JessicaMARCHESI MassimoNICODÈME GaëtanPETRACCO GIUDICI MarcoZEDDA STEFANO
Publisher: Publications Office of the European Union
Publication Year: 2012
JRC N°: JRC75304
ISBN: 978-92-79-26420-7
ISSN: 1831-9424
Other Identifiers: EUR 25515 EN
OPOCE LB-NA-25515-EN-N
URI: http://publications.jrc.ec.europa.eu/repository/handle/JRC75304
DOI: 10.2788/49470
Type: EUR - Scientific and Technical Research Reports
Abstract: 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.
JRC Directorate:Space, Security and Migration

Files in This Item:
File Description SizeFormat 
lbna25515enn.pdf615.5 kBAdobe PDFView/Open


Items in repository are protected by copyright, with all rights reserved, unless otherwise indicated.