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.
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| Verfasserangaben: | Arnoud BootGND, Elena CarlettiGND, Hans-Helmut KotzGND, Jan Pieter KrahnenORCiDGND, Loriana PelizzonORCiDGND, Marti G. SubrahmanyamORCiDGND |
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| URN: | urn:nbn:de:hebis:30:3-534099 |
| URL: | https://safe-frankfurt.de/de/policy-center/publikationen/detailsview/publicationname/corona-and-financial-stability-30-try-equity-risk-sharing-for-companies-large-and-small.html |
| Titel des übergeordneten Werkes (Deutsch): | SAFE policy letter series ; 81 |
| Schriftenreihe (Bandnummer): | SAFE policy letter (81) |
| Verlag: | SAFE |
| Verlagsort: | Frankfurt am Main |
| Dokumentart: | Arbeitspapier |
| Sprache: | Englisch |
| Jahr der Fertigstellung: | 2020 |
| Jahr der Erstveröffentlichung: | 2020 |
| Veröffentlichende Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Datum der Freischaltung: | 07.04.2020 |
| Freies Schlagwort / Tag: | coronavirus; financial stability; policy measures in the EU; risk sharing |
| Ausgabe / Heft: | March 2020 |
| Seitenzahl: | 6 |
| HeBIS-PPN: | 463868188 |
| Institute: | Wirtschaftswissenschaften / Wirtschaftswissenschaften |
| Wissenschaftliche Zentren und koordinierte Programme / Sustainable Architecture for Finance in Europe (SAFE) | |
| DDC-Klassifikation: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Sammlungen: | Universitätspublikationen |
| Lizenz (Deutsch): |  Deutsches Urheberrecht |
