Basel III capital surcharges for G-SIBs are far less effective in managing systemic risk in comparison to network-based, systemic risk-dependent financial transaction taxes
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Publication:1655659
DOI10.1016/j.jedc.2017.02.004zbMath1401.91183OpenAlexW2594822581MaRDI QIDQ1655659
Olaf Bochmann, Stefan Thurner, Sebastian Poledna
Publication date: 9 August 2018
Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)
Full work available at URL: http://pure.iiasa.ac.at/id/eprint/14429/1/Basel%20III%20capital%20surcharges%20.pdf
Financial applications of other theories (91G80) Corporate finance (dividends, real options, etc.) (91G50)
Related Items (4)
Elimination of systemic risk in financial networks by means of a systemic risk transaction tax ⋮ Incentivizing resilience in financial networks ⋮ Reducing systemic risk in a multi-layer network using reinforcement learning ⋮ What is the minimal systemic risk in financial exposure networks?
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