{"id":16704,"date":"2025-07-30T11:32:52","date_gmt":"2025-07-30T14:32:52","guid":{"rendered":"https:\/\/www.economicas.uba.ar\/iiep\/?post_type=tribe_events&#038;p=16704"},"modified":"2025-07-30T11:32:52","modified_gmt":"2025-07-30T14:32:52","slug":"the-financial-channel-of-tax-amnesty-policies","status":"publish","type":"tribe_events","link":"https:\/\/economicas.uba.ar\/iiep\/eventos\/the-financial-channel-of-tax-amnesty-policies\/","title":{"rendered":"The Financial Channel of Tax Amnesty Policies"},"content":{"rendered":"<div class=\"tribe-events-single-event-description tribe-events-content\">\n<p>Seminario de Investigaci\u00f3n del IIEP<\/p>\n<p>The Financial Channel of Tax Amnesty Policies<br \/>\nExpositor |\u00a0 <strong>Federico Bernini | <\/strong>DESIP IIEP (UBA-CONICET)<\/p>\n<p><strong>Abstract<\/strong><\/p>\n<p>In the past two decades, over 30 countries have implemented tax amnesty policies to encourage the declaration and repatriation of hidden assets, with the goal of increasing government tax revenues. While previous literature has primarily focused on the fiscal impact, this paper studies a new channel: the potential expansion of the financial sector resulting from these policies. We examine the macroeconomic effects of Argentina\u2019s 2016 Tax Amnesty, one of the largest programs for disclosing hidden assets, through the financial channel. This amnesty led to an influx of savings into domestic banks, primarily in dollars, equivalent to 1.4% of GDP. We leverage the heterogeneous exposure of banks and firms to this amnesty-induced financial shock to identify bank responses and the spillovers to firms in the private sector. We find that more exposed banks significantly increased their lending compared to less exposed ones. Firms connected to banks with higher exposure experienced increased borrowing, along with a boost in imports of intermediate inputs, exports and employment. Our findings reveal that tax amnesty policies can stimulate economic growth by expanding the financial sector, demonstrating effects beyond their direct fiscal impact. These results are particularly relevant for countries with underdeveloped financial systems, where the potential for growth through improved access to capital is significant.<br \/>\nCoautores | Paula Donaldson, Ezequiel Garc\u00eda Lembergman y Leticia Juarez<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Seminario de Investigaci\u00f3n del IIEP The Financial Channel of Tax Amnesty Policies Expositor |\u00a0 Federico Bernini | DESIP IIEP (UBA-CONICET) Abstract In the past two decades, over 30 countries have<\/p>\n","protected":false},"author":9,"featured_media":0,"template":"","meta":{"_tribe_events_status":"","_tribe_events_status_reason":"","footnotes":""},"tags":[],"tribe_events_cat":[74],"class_list":["post-16704","tribe_events","type-tribe_events","status-publish","hentry","tribe_events_cat-seminario-iiep","cat_seminario-iiep"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Financial Channel of Tax Amnesty Policies - IIEP UBA-CONICET<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicas.uba.ar\/iiep\/eventos\/the-financial-channel-of-tax-amnesty-policies\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Financial Channel of Tax Amnesty Policies - IIEP UBA-CONICET\" \/>\n<meta property=\"og:description\" content=\"Seminario de Investigaci\u00f3n del IIEP The Financial Channel of Tax Amnesty Policies Expositor |\u00a0 Federico Bernini | DESIP IIEP (UBA-CONICET) Abstract In the past two decades, over 30 countries have\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicas.uba.ar\/iiep\/eventos\/the-financial-channel-of-tax-amnesty-policies\/\" \/>\n<meta property=\"og:site_name\" content=\"IIEP UBA-CONICET\" \/>\n<meta property=\"og:image\" content=\"https:\/\/economicas.uba.ar\/iiep\/wp-content\/uploads\/iiep-ico.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicas.uba.ar\\\/iiep\\\/eventos\\\/the-financial-channel-of-tax-amnesty-policies\\\/\",\"url\":\"https:\\\/\\\/economicas.uba.ar\\\/iiep\\\/eventos\\\/the-financial-channel-of-tax-amnesty-policies\\\/\",\"name\":\"The Financial Channel of Tax Amnesty Policies - IIEP UBA-CONICET\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicas.uba.ar\\\/iiep\\\/#website\"},\"datePublished\":\"2025-07-30T14:32:52+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicas.uba.ar\\\/iiep\\\/eventos\\\/the-financial-channel-of-tax-amnesty-policies\\\/#breadcrumb\"},\"inLanguage\":\"es-AR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicas.uba.ar\\\/iiep\\\/eventos\\\/the-financial-channel-of-tax-amnesty-policies\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicas.uba.ar\\\/iiep\\\/eventos\\\/the-financial-channel-of-tax-amnesty-policies\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Inicio\",\"item\":\"https:\\\/\\\/economicas.uba.ar\\\/iiep\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Eventos\",\"item\":\"https:\\\/\\\/economicas.uba.ar\\\/iiep\\\/eventos\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"The Financial Channel of Tax Amnesty Policies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicas.uba.ar\\\/iiep\\\/#website\",\"url\":\"https:\\\/\\\/economicas.uba.ar\\\/iiep\\\/\",\"name\":\"IIEP\",\"description\":\"IIEP UBA-CONICET\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicas.uba.ar\\\/iiep\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicas.uba.ar\\\/iiep\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"es-AR\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicas.uba.ar\\\/iiep\\\/#organization\",\"name\":\"IIEP\",\"url\":\"https:\\\/\\\/economicas.uba.ar\\\/iiep\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"es-AR\",\"@id\":\"https:\\\/\\\/economicas.uba.ar\\\/iiep\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicas.uba.ar\\\/iiep\\\/wp-content\\\/uploads\\\/logo_iiep_light.svg\",\"contentUrl\":\"https:\\\/\\\/economicas.uba.ar\\\/iiep\\\/wp-content\\\/uploads\\\/logo_iiep_light.svg\",\"caption\":\"IIEP\"},\"image\":{\"@id\":\"https:\\\/\\\/economicas.uba.ar\\\/iiep\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Financial Channel of Tax Amnesty Policies - IIEP UBA-CONICET","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicas.uba.ar\/iiep\/eventos\/the-financial-channel-of-tax-amnesty-policies\/","og_locale":"es_ES","og_type":"article","og_title":"The Financial Channel of Tax Amnesty Policies - IIEP UBA-CONICET","og_description":"Seminario de Investigaci\u00f3n del IIEP The Financial Channel of Tax Amnesty Policies Expositor |\u00a0 Federico Bernini | DESIP IIEP (UBA-CONICET) Abstract In the past two decades, over 30 countries have","og_url":"https:\/\/economicas.uba.ar\/iiep\/eventos\/the-financial-channel-of-tax-amnesty-policies\/","og_site_name":"IIEP UBA-CONICET","og_image":[{"width":300,"height":300,"url":"https:\/\/economicas.uba.ar\/iiep\/wp-content\/uploads\/iiep-ico.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Tiempo de lectura":"2 minutos"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/economicas.uba.ar\/iiep\/eventos\/the-financial-channel-of-tax-amnesty-policies\/","url":"https:\/\/economicas.uba.ar\/iiep\/eventos\/the-financial-channel-of-tax-amnesty-policies\/","name":"The Financial Channel of Tax Amnesty Policies - IIEP UBA-CONICET","isPartOf":{"@id":"https:\/\/economicas.uba.ar\/iiep\/#website"},"datePublished":"2025-07-30T14:32:52+00:00","breadcrumb":{"@id":"https:\/\/economicas.uba.ar\/iiep\/eventos\/the-financial-channel-of-tax-amnesty-policies\/#breadcrumb"},"inLanguage":"es-AR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicas.uba.ar\/iiep\/eventos\/the-financial-channel-of-tax-amnesty-policies\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/economicas.uba.ar\/iiep\/eventos\/the-financial-channel-of-tax-amnesty-policies\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Inicio","item":"https:\/\/economicas.uba.ar\/iiep\/"},{"@type":"ListItem","position":2,"name":"Eventos","item":"https:\/\/economicas.uba.ar\/iiep\/eventos\/"},{"@type":"ListItem","position":3,"name":"The Financial Channel of Tax Amnesty Policies"}]},{"@type":"WebSite","@id":"https:\/\/economicas.uba.ar\/iiep\/#website","url":"https:\/\/economicas.uba.ar\/iiep\/","name":"IIEP","description":"IIEP UBA-CONICET","publisher":{"@id":"https:\/\/economicas.uba.ar\/iiep\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicas.uba.ar\/iiep\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"es-AR"},{"@type":"Organization","@id":"https:\/\/economicas.uba.ar\/iiep\/#organization","name":"IIEP","url":"https:\/\/economicas.uba.ar\/iiep\/","logo":{"@type":"ImageObject","inLanguage":"es-AR","@id":"https:\/\/economicas.uba.ar\/iiep\/#\/schema\/logo\/image\/","url":"https:\/\/economicas.uba.ar\/iiep\/wp-content\/uploads\/logo_iiep_light.svg","contentUrl":"https:\/\/economicas.uba.ar\/iiep\/wp-content\/uploads\/logo_iiep_light.svg","caption":"IIEP"},"image":{"@id":"https:\/\/economicas.uba.ar\/iiep\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicas.uba.ar\/iiep\/wp-json\/wp\/v2\/tribe_events\/16704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicas.uba.ar\/iiep\/wp-json\/wp\/v2\/tribe_events"}],"about":[{"href":"https:\/\/economicas.uba.ar\/iiep\/wp-json\/wp\/v2\/types\/tribe_events"}],"author":[{"embeddable":true,"href":"https:\/\/economicas.uba.ar\/iiep\/wp-json\/wp\/v2\/users\/9"}],"version-history":[{"count":1,"href":"https:\/\/economicas.uba.ar\/iiep\/wp-json\/wp\/v2\/tribe_events\/16704\/revisions"}],"predecessor-version":[{"id":16707,"href":"https:\/\/economicas.uba.ar\/iiep\/wp-json\/wp\/v2\/tribe_events\/16704\/revisions\/16707"}],"wp:attachment":[{"href":"https:\/\/economicas.uba.ar\/iiep\/wp-json\/wp\/v2\/media?parent=16704"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicas.uba.ar\/iiep\/wp-json\/wp\/v2\/tags?post=16704"},{"taxonomy":"tribe_events_cat","embeddable":true,"href":"https:\/\/economicas.uba.ar\/iiep\/wp-json\/wp\/v2\/tribe_events_cat?post=16704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}