Taxation Bank Leverage and Financial Crises is popular PDF and ePub book, written by Ruud A. de Mooij in 2013-02-25, 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, Taxation Bank Leverage and Financial Crises can be Read Online from any device for your convenience.
Taxation Bank Leverage and Financial Crises Book PDF Summary
That most corporate tax systems favor debt over equity finance is now widely recognized as, potentially, amplifying risks to financial stability. This paper makes a first attempt to explore, empirically, the link between this tax bias and the probability of financial crisis. It finds that greater tax bias is associated with significantly higher aggregate bank leverage, and that this in turn is associated with a significantly greater chance of crisis. The implication is that tax bias makes crises much more likely, and, conversely, that the welfare gains from policies to alleviate it can be substantial—far greater than previous studies, which have ignored financial stability considerations, suggest.
Detail Book of Taxation Bank Leverage and Financial Crises PDF
- Author : Ruud A. de Mooij
- Release : 25 February 2013
- Publisher : International Monetary Fund
- ISBN : 9781475577709
- Genre : Business & Economics
- Total Page : 26 pages
- Language : English
- PDF File Size : 20,8 Mb
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