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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

Germany; Technical Note on Banking Sector Structure

International Monetary Fund (IMF); International … - 2011

€œpillarsâ€â€”private commercial banks, public sector banks, and cooperative banksâ€”distinguished by the ownership structure and business orientation …

Persistent link: https://www.econbiz.de/10011244755

Multinational Affiliates and Local Financial Markets

Sayek, Selin; Lehmann, Alexander; Kang, Hyoung Goo - International Monetary Fund (IMF) - 2004

-country corporate tax rates, exchange rate variability, local currency-denominated sales, and financial development. Factors that …

Persistent link: https://www.econbiz.de/10005263683

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

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

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

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 concentration of ownership by foreign companies and banks is associated with …

Persistent link: https://www.econbiz.de/10005826048

Transparency and International Investor Behavior

Wei, Shang-Jin; Gelos, Gaston - International Monetary Fund (IMF) - 2002

Does country "transparency" affect international portfolio investment? We examine this and related questions using a unique micro dataset on international portfolio holdings. We employ various indices of government and corporate transparency, focusing on the availability and quality of...

Persistent link: https://www.econbiz.de/10005826295

Overview of the Indian Corporate Sector: 1989-2002

Topalova, Petia - International Monetary Fund (IMF) - 2004

This paper uses firm-level data to examine the performance of India's nonfinancial corporate sector since 1989 and evaluate its financial vulnerabilities. While promising trends in liquidity, profitability, and leverage of the sector emerged in the early 1990s, they experienced a reversal after...

Persistent link: https://www.econbiz.de/10005768803

Progress in China'S Banking Sector Reform; Has Bank Behavior Changed?

Podpiera, Richard - International Monetary Fund (IMF) - 2006

Substantial effort has been devoted to reforming China's banking system in recent years. The authorities recapitalized three large state-owned banks, introduced new governance structures, and brought in foreign strategic investors. However, it remains unclear the extent to which currently...

Persistent link: https://www.econbiz.de/10005769002