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Taxing Systemic Risk

In: Managing and Measuring Risk Emerging Global Standards and Regulations After the Financial Crisis


  • Viral V. Acharya

    (New York University, USA)

  • Lasse Pedersen

    (New York University, USA)

  • Thomas Philippon

    (New York University, USA)

  • Matthew Richardson

    (New York University, USA)


AbstractThe following sections are included:Systemic Risk and the Financial Crisis of 2007 to 2009Regulating Systemic RiskObstacle 1: Measuring Systemic RiskObstacle 2: Implementing the Tax on Systemic RiskObstacle 3: Is Moral Hazard Solved?The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010Measuring Systemic RiskReducing Systemic RiskMitigating Moral HazardA Tax on Systemic RiskSummaryReferences

Suggested Citation

  • Viral V. Acharya & Lasse Pedersen & Thomas Philippon & Matthew Richardson, 2013. "Taxing Systemic Risk," World Scientific Book Chapters, in: Oliviero Roggi & Edward I Altman (ed.), Managing and Measuring Risk Emerging Global Standards and Regulations After the Financial Crisis, chapter 4, pages 99-122, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789814417501_0004

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    Blog mentions

    As found by, the blog aggregator for Economics research:
    1. China: Deleveraging is Hard to Do
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2017-07-10 17:37:23


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    Cited by:

    1. Bardoscia, Marco & Barucca, Paolo & Codd, Adam Brinley & Hill, John, 2019. "Forward-looking solvency contagion," Journal of Economic Dynamics and Control, Elsevier, vol. 108(C).

    More about this item


    Risk Management; Sovereign Risk; Systemic Risk; Liquidity; Credit Risk; Equity Risk Premium; Enterprise Risk Management;

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G01 - Financial Economics - - General - - - Financial Crises
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers


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