Publication:
Government, taxes and banking crises

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URI: https://hdl.handle.net/10016/12766
ISSN: 2761–2770
DOI: 10.1016/j.jbankfin.2011.03.002
UXXI: AR/0000008318
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2011
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Elsevier
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Abstract
This paper analyzes the effectiveness of different government policies to prevent the emergence of bank ing crises. In particular, we study the impact on welfare of using taxpayers money to recapitalize banks, government injection of money into the banking system through credit lines, the creation of a buffer and taxes on financial transactions (the Tobin tax). We illustrate the trade off between these policies and derive policy implications.
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Banking crises, Information induced bank runs, Government policies, Taxes
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Journal of banking & finance, vol. 35, n. 10, 2011, pp. 2761-2770
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