TAXING SYSTEMIC RISK
This chapter was originally published under the same title in “Regulating Wall Street”, Acharya, VV, M Richardson, TF Coley and J Walter (eds.), Wiley.
The following sections are included:
Systemic Risk and the Financial Crisis of 2007 to 2009
Regulating Systemic Risk
Obstacle 1: Measuring Systemic Risk
Obstacle 2: Implementing the Tax on Systemic Risk
Obstacle 3: Is Moral Hazard Solved?
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
Measuring Systemic Risk
Reducing Systemic Risk
Mitigating Moral Hazard
A Tax on Systemic Risk
Summary
References