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Reforming the Corporate Governance of Italian Banks
Jassaud, Nadège - International Monetary Fund (IMF) - 2014
Sound corporate governance is essential for a well-functioning banking system and the integrity of financial markets. The paper discusses the corporate governance of Italian banks, its regulatory framework, and the specific challenges arising from the role played by foundations and large...
Persistent link: https://www.econbiz.de/10010959465
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Germany; Technical Note on Banking Sector Structure
International Monetary Fund (IMF); International … - 2011
This Technical Note focuses on banking sector structure in Germany. Germany’s banking system comprises three “pillarsâ€â€”private commercial banks, public sector banks, and cooperative banks—distinguished by the ownership structure and business orientation. The German...
Persistent link: https://www.econbiz.de/10011244755
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Multinational Affiliates and Local Financial Markets
Sayek, Selin; Lehmann, Alexander; Kang, Hyoung Goo - International Monetary Fund (IMF) - 2004
1983 to 2001 to examine the role of financial market development, and exposure to host country-specific risk on the …
Persistent link: https://www.econbiz.de/10005263683
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High and Volatile Treasury Yields in Tanzania; The Role of Strategic Bidding and Auction Microstructure
Sobolev, Yuri Vladimirovich; Abbas, S. M. Ali - International Monetary Fund (IMF) - 2008
The observed increase in the level and volatility of Tanzania's Treasury yields in recent years against an otherwise benign macroeconomic backdrop presented a puzzle for policymakers, while raising concerns about the fiscal burden of rising debt interest payments and diversion of bank credit...
Persistent link: https://www.econbiz.de/10005264088
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The Valuation Effects of Geographic Diversification; Evidence From U.S. Banks
Laeven, Luc; Goetz, Martin R.; Levine, Ross - International Monetary Fund (IMF) - 2012
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 deregulation, we find that exogenous increases in...
Persistent link: https://www.econbiz.de/10009654142
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Debt, Taxes, and Banks
Keen, Michael; Mooij, Ruud A. de - International Monetary Fund (IMF) - 2012
Understanding the impact of the asymmetric tax treatment of debt and equity on the capital structures of financial institutions is critical to shaping and assessing responses to the problem of excessive leverage that underlay the 2009 financial crisis - but there is no empirical evidence to draw...
Persistent link: https://www.econbiz.de/10009654151
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How Does Privatization Work? Ownership Concentration and Enterprise Performance in Ukraine
Pivovarsky, Alexander - International Monetary Fund (IMF) - 2001
This paper investigates the relationship between ownership concentration and enterprise performance in Ukraine. Using data on 376 medium and large enterprises, it finds that ownership concentration is positively associated with enterprise performance in Ukraine. The paper also finds that...
Persistent link: https://www.econbiz.de/10005826048
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Transparency and International Investor Behavior
Wei, Shang-Jin; Gelos, Gaston - International Monetary Fund (IMF) - 2002
crises, emerging market funds withdrew more strongly from less transparent countries after controlling for other risk factors …
Persistent link: https://www.econbiz.de/10005826295
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Overview of the Indian Corporate Sector: 1989-2002
Topalova, Petia - International Monetary Fund (IMF) - 2004
servicing their debt obligations, posing a risk to lenders. In particular, the aggregate interest coverage of the corporate …
Persistent link: https://www.econbiz.de/10005768803
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Progress in China'S Banking Sector Reform; Has Bank Behavior Changed?
Podpiera, Richard - International Monetary Fund (IMF) - 2006
remains unclear the extent to which currently reported data reflect the true credit risk in loan portfolios and whether … (SCBs). We find that the SCBs have slowed down credit expansion, but that the pricing of credit risk remains … several factors, we find that large SCBs have continued to lose market share to other financial institutions in provinces with …
Persistent link: https://www.econbiz.de/10005769002