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http://hdl.handle.net/10419/57778
  

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dc.contributor.authorDe Nicolò, Giannien_US
dc.contributor.authorGamba, Andreaen_US
dc.contributor.authorLuccetta, Marcellaen_US
dc.date.accessioned2012-05-03en_US
dc.date.accessioned2012-05-09T09:58:32Z-
dc.date.available2012-05-09T09:58:32Z-
dc.date.issued2012en_US
dc.identifier.isbn978-3-86558-809-8en_US
dc.identifier.urihttp://hdl.handle.net/10419/57778-
dc.description.abstractThis paper studies the impact of bank regulation and taxation in a dynamic model where banks are exposed to credit and liquidity risk and can resolve financial distress in three costly forms: bond issuance, equity issuance or fire sales. We find an inverted U-shaped relationship between capital requirements and bank lending, efficiency, and welfare, with their benefits turning into costs beyond a certain threshold. By contrast, liquidity requirements reduce lending, efficiency and welfare significantly. On taxation, corporate income taxes generate higher government revenues and entail lower efficiency and welfare costs than taxes on non-deposit liabilities.en_US
dc.language.isoengen_US
dc.publisherDt. Bundesbank Frankfurt, M.en_US
dc.relation.ispartofseriesDiscussion Paper, Deutsche Bundesbank 10/2012en_US
dc.subject.jelG21en_US
dc.subject.jelG28en_US
dc.subject.jelG33en_US
dc.subject.ddc330en_US
dc.subject.keywordBank Regulationen_US
dc.subject.keywordTaxationen_US
dc.subject.keywordDynamic Banking Modelen_US
dc.titleCapital regulation, liquidity requirements and taxation in a dynamic model of bankingen_US
dc.typeWorking Paperen_US
dc.identifier.ppn715123459en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:bubdps:102012-
Appears in Collections:Discussion Papers, Deutsche Bundesbank

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