Calzolari, Giacomo; Lóránth, Gyöngyi - C.E.P.R. Discussion Papers - 2004
representation forms for MNBs - branch and subsidiary representation - affect the behaviour of national regulators. We find that the … impact on regulators’ behaviour. We show that branch representation leads to a more lenient regulation for the home unit (the … unit of incorporation) than subsidiary representation. Regulation of the foreign unit can be softer or tougher in branch …