Taxation, Bank Leverage, and Financial Crises /

That most corporate tax systems favor debt over equity finance is now widely recognized as, potentially, amplifying risks to financial stability. This paper makes a first attempt to explore, empirically, the link between this tax bias and the probability of financial crisis. It finds that greater ta...

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Detalles Bibliográficos
Autor Principal: Mooij, Ruud A.
Outros autores: Keen, Michael, Orihara, Masanori
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2013.
Series:IMF Working Papers; Working Paper ; No. 2013/048
Acceso en liña:Full text available on IMF