75 KB952 KB27 KB2024Volk, Matjaž1 spletni vir (1 datoteka PDF (12 str.))COBISSID:183387907ISBN:978-961-96526-3-3URN:URN:NBN:SI:doc-8SLWS9AUenBanka SlovenijeknjigeAd hoc bank taxation and credit supply|This paper studies the introduction of new temporary taxation on banks and its effects on banks' lending decisions. Focusing on a unique policy experiment in Slovenia in 2011, where the government imposed a 0.1% tax on banks' total assets, I find that the introduction of the tax resulted in lower credit supply of loans to corporates. In particu-lar, for each percentage point increase in the share of tax in capital, banks charge on average 8 basis points higher lending rate and decrease their lending amount by 0.5%. The findings of this research carry strong policy implications for countries contemplat-ing or having already implemented windfall or other temporary taxes on banks. The in-troduction of the tax might lead to a reduction in lending beyond what would be war-ranted from the standpoint of monetary or other policiesTEXTknjigebooksSlovenian National E-content AggregatorNational and University Library of Slovenia