Basel 2 and the Meritocracy of the Credit: Considerations of Industrial Politics with Respect to the Optimization of the Fiscal Yield

Gianluca Oricchio

Economia dei Servizi, 2007, issue 3, 471-482

Abstract: The implementation of Basel 2 banking regulation has fuelled the applied research regarding internal rating models. The effectiveness and accuracy of credit risk modelling has improved in the last years. In the paper we propose to use these models in order to estimate the corporate survival probability and we demonstrate the better is the rating, the higher is the tax benefit for the italian Government. We finally suggest to pursue incentive schemes of Industrial Politics based upon the maximisation of the corporate survival probability.

Keywords: banking regulation; internal rating models; incentive schemes of industrial politics (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.rivisteweb.it/download/article/10.2382/24832 (application/pdf)
https://www.rivisteweb.it/doi/10.2382/24832 (text/html)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mul:j1t56u:doi:10.2382/24832:y:2007:i:3:p:471-482

Access Statistics for this article

Economia dei Servizi is currently edited by Fabio Gobbo

More articles in Economia dei Servizi from Società editrice il Mulino
Bibliographic data for series maintained by ().