Can taxes tame the banks? evidence from the European bank levies

Following the 2007-2008 financial crisis, a large number of countries introduced levies on bank borrowing intended to reduce risk in the financial sector. This paper studies the behavioral responses to bank levies and finds that banks exposed to levies increased their reliance on equity funding, but...

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Autors principals: Devereux, M, Johannesen, N, Vella, J
Format: Journal article
Publicat: Oxford University Press 2019