Bericht

Corona and financial stability 3.0: Try equity - risk sharing for companies, large and small

This policy letter adds to the current discussion on how to design a program of government assistance for firms hurt by the Coronavirus crisis. While not pretending to provide a cure-all proposal, the advocated scheme could help to bring funding to firms, even small firms, quickly, without increasing their leverage and default risk. The plan combines outright cash transfers to firms with a temporary, elevated corporate profit tax at the firm level as a form of conditional payback. The implied equity-like payment structure has positive risk-sharing features for firms, without impinging on ownership structures. The proposal has to be implemented at the pan-European level to strengthen Euro area resilience.

Sprache
Englisch

Erschienen in
Series: SAFE Policy Letter ; No. 81

Klassifikation
Wirtschaft
Thema
Coronavirus
Financial stability
Risk sharing
Policy measures in the EU

Ereignis
Geistige Schöpfung
(wer)
Boot, Arnoud W. A.
Carletti, Elena
Kotz, Hans-Helmut
Krahnen, Jan Pieter
Pelizzon, Loriana
Subrahmanyam, Marti G.
Ereignis
Veröffentlichung
(wer)
Leibniz Institute for Financial Research SAFE
(wo)
Frankfurt a. M.
(wann)
2020

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Bericht

Beteiligte

  • Boot, Arnoud W. A.
  • Carletti, Elena
  • Kotz, Hans-Helmut
  • Krahnen, Jan Pieter
  • Pelizzon, Loriana
  • Subrahmanyam, Marti G.
  • Leibniz Institute for Financial Research SAFE

Entstanden

  • 2020

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