Financial Sector Debt Bias is popular PDF and ePub book, written by Ms.Oana Luca in 2016-11-15, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Financial Sector Debt Bias can be Read Online from any device for your convenience.
Financial Sector Debt Bias Book PDF Summary
Most tax systems create a tax bias toward debt finance. Such debt bias increases leverage and may negatively affect financial stability. This paper models and estimates debt bias in the financial sector, and present novel estimates for investment banks and non-bank financial intermediaries such as finance and insurance companies. We find debt bias to be pervasive, explaining as much as 10 percent of total leverage for regular banks and 20 percent for investment banks, with the effects most pronounced before the global financial crisis. Going forward, debt bias is likely to once again gain prominence as a key driver of leverage decisions, underscoring the importance of policy reform at this juncture.
Detail Book of Financial Sector Debt Bias PDF
- Author : Ms.Oana Luca
- Release : 15 November 2016
- Publisher : International Monetary Fund
- ISBN : 9781475554137
- Genre : Business & Economics
- Total Page : 28 pages
- Language : English
- PDF File Size : 20,9 Mb
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