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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DOI: 10.1016/j.jedc.2017.02.004
Abstract: In addition to constraining bilateral exposures of financial institutions, there exist essentially two options for future financial regulation of systemic risk: First, regulation could attempt to reduce the financial fragility of global or domestic systemically… read more here.
Keywords: risk; basel iii; systemic risk; capital surcharges ... See more keywords