
Contents
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1.1 Background 1.1 Background
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1.2 Recent Developments in Taxation 1.2 Recent Developments in Taxation
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1.3 Recent Developments in Regulation 1.3 Recent Developments in Regulation
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1.4 Contributions in This Volume 1.4 Contributions in This Volume
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1.5 The Interplay of Taxation and Regulation Policies for the Financial Sector 1.5 The Interplay of Taxation and Regulation Policies for the Financial Sector
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1.6 The Design of Taxes and Regulation for the Financial Sector 1.6 The Design of Taxes and Regulation for the Financial Sector
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1.7 Evidence on the Efficacy of Taxation and Regulation 1.7 Evidence on the Efficacy of Taxation and Regulation
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1.8 Conclusions 1.8 Conclusions
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Notes Notes
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References References
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15 The 2011 FDIC Assessment on Banks’ Managed Liabilities: Interest Rate and Balance-Sheet Responses
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1 Taxation and Regulation of the Financial Sector
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Published:January 2015
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Abstract
The financial crisis has triggered new debates on regulation and taxation of the financial sector. Economists and policy makers were challenged to understand the sequence of events and the complex interactions between financial markets and the real economy—often not captured by economic models. The literature on banking and finance has paid almost no attention to policy design, such as taxation and regulation issues. Only since recently, a new field of research has been emerging that brings together insights from public finance and banking, with the aim to better understand what had happened and how policy could prevent a similar occurrence. This chapter offers a presentation of recent developments in taxation and in regulation of the financial sector. It summarizes the contributions contained in this volume, putting them in perspective, showing their points of agreements and disagreements and displaying their complementarities, pioneering on the critical issues for policy design.
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