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The 2001 Debt and Equity Tax Rules: Evidence of Non-Tax Neutrality in Australia 2001年债务和股权税收规则:澳大利亚非税收中立的证据
Financial Regulations 1 Pub Date : 2011-08-21 DOI: 10.2139/ssrn.1913984
J. Fenech, Victor Fang
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引用次数: 0
Bank Risk Within and Across Equilibria 均衡内和均衡间的银行风险
Financial Regulations 1 Pub Date : 2011-07-26 DOI: 10.2139/ssrn.2136842
Itai Agur
{"title":"Bank Risk Within and Across Equilibria","authors":"Itai Agur","doi":"10.2139/ssrn.2136842","DOIUrl":"https://doi.org/10.2139/ssrn.2136842","url":null,"abstract":"This paper models a financial sector in which there is a feedback between individual bank risk and aggregate funding market problems. Greater individual risk taking worsens adverse selection problems on the market. But adverse selection premia on that market push up bank risk taking, leading to multiple equilibria. The model identifies shifts among equilibria as a function of parameter shocks. Measures that reduce individual bank default risk within an equilibrium can actually make the system as whole more sensitive to shocks. Risks may thus seem small and market risk premia low precisely when the system as whole is most fragile.","PeriodicalId":149029,"journal":{"name":"Financial Regulations 1","volume":"100 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124289313","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 8
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