Showing 1 - 10 of 42
Australia’s four largest banks can be considered domestically systemic. They make up the lion’s share of the banking system, use similar business models, and are interconnected. The top four banks are relatively similar in terms of systemic importance, partly reflecting the...
Persistent link: https://www.econbiz.de/10011245198
This paper considers the effects of trade policy-tariffs and quotas-when importing is done by competitive traders who are identical ex ante but differ ex post. We show that the standard equivalence results no longer hold and the conventional ranking of tariffs and quotas is turned on its head:...
Persistent link: https://www.econbiz.de/10005248181
Using firm-level data for Estonia for the years 1997-2005, we analyze the impact of international competition on firm dynamics, considering both firm closedown and product switching. We contribute to the literature in two important ways: (1) this is the first paper to study the determinants of...
Persistent link: https://www.econbiz.de/10005263707
Financial globalization was off to a rocky start in emerging economies hit by Sudden Stops in the 1990s. The surge in foreign reserves since then is viewed as a New Merchantilism in which reserves are a war-chest for defense against Sudden Stops. We conduct a quantitative assessment of this...
Persistent link: https://www.econbiz.de/10005263736
Although a centerpiece of the reform process in Central and Eastern Europe, large-scale privatization cannot be undertaken all at once and policymakers inevitably face the choice of privatizing some sectors before others. This paper analyzes the allocative efficiency implications of alternate...
Persistent link: https://www.econbiz.de/10005264168
This paper introduces a comprehensive database on bank ownership for 137 countries over 1995-2009, and reviews foreign … bank behavior and impact. It documents substantial increases in foreign bank presence, with many more home and host … foreign bank presence negatively related with domestic credit creation. During the global crisis foreign banks reduced credit …
Persistent link: https://www.econbiz.de/10009650620
This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United … States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank …
Persistent link: https://www.econbiz.de/10009654142
foreign bank ownership on the performance and market power of acquired banks operating in Central and Eastern Europe. This …
Persistent link: https://www.econbiz.de/10008561077
. While in most other countries foreign bank entry took the form of direct takeover or majority shareholding, foreign …
Persistent link: https://www.econbiz.de/10005825702
relationship between banks' risk of failure, market structure, bank ownership, and banks' screening and bankruptcy costs. These …,000 bank-year observations for 133 non-industrialized countries during the 1993-2004 period. Four main results obtain. First …, the positive and significant relationship between bank concentration and bank risk of failure found in Boyd, De Nicolò and …
Persistent link: https://www.econbiz.de/10005826093