Universal Banks versus Specialized Banks
In: Universal Banking, p. 83-132
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In: Universal Banking, p. 83-132
In: Bank- und kapitalmarktrechtliche Schriften des Instituts für Bankrecht Köln Band 21
In: The Manchester School, Volume 43, Issue 2, p. 173-197
ISSN: 1467-9957
In: The Manchester School, Volume 43, Issue 2, p. 173-197
ISSN: 1467-9957
In: The annals of the American Academy of Political and Social Science, Volume 171, Issue 1, p. 35-46
ISSN: 1552-3349
In: Review of financial economics: RFE, Volume 34, Issue 1, p. 10-32
ISSN: 1873-5924
AbstractIn the aftermath of the recent financial crisis, several countries implemented a bank levy. This paper studies the impact of different types of bank levies on the risk‐taking behaviour of banks competing in the market for secured or unsecured debt à la Hotelling. We differentiate between three types of bank levies: a levy on secured liabilities, a levy on unsecured liabilities and a levy on risk‐weighted assets. Banks collect funds and invest in either a prudent or a gambling asset. We find that a levy on secured and unsecured liabilities can prevent banks from investing in the gambling asset. A levy on risk‐weighted assets also induces banks to behave more prudently. Such a levy is even more effective than a levy on liabilities if banks are well‐capitalized. Finally, a guarantee on debt makes a bank levy more effective.
In: University of Milan Bicocca Department of Economics, Management and Statistics Working Paper No. 447
SSRN
Working paper
In: Stiftung & Sponsoring: das Magazin für Non-Profit-Management und -Marketing, Issue 3
ISSN: 2366-2913
In: Europe: magazine of the European Community, p. 10-11
ISSN: 0279-9790, 0191-4545
In: Schriftenreihe Organisation & [und] Personal 7
In: The Antitrust bulletin: the journal of American and foreign antitrust and trade regulation, Volume 20, Issue 3, p. 471-483
ISSN: 1930-7969