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enforce collection of sales taxes on a destination basis. This has reduced state tax competition with an essentially … among policy makers and researchers. We provide a detailed discussion of state and local sales tax features and the extent … to which they have fostered sales tax competition in recent decades. We then explore the extent to which greater …
Persistent link: https://www.econbiz.de/10014247994
This study analyzes information production and trading behavior of banks with lending relationships. We combine trade …-by-trade supervisory data and credit-registry data to examine banks' proprietary trading in borrower stocks around a large number of … corporate events. We find that relationship banks build up positive (negative) trading positions in the two weeks before events …
Persistent link: https://www.econbiz.de/10013388877
We study the demand for government participation in China's venture capital and private equity market. We conduct a large-scale, non-deceptive field experiment in collaboration with the leading industry service provider, through which we survey both sides of the market: the capital investors and...
Persistent link: https://www.econbiz.de/10013334380
reserves--a crucial decision-making input for modern central banks. Second, we propose diagnostic tools to gauge the central … funding across banks …
Persistent link: https://www.econbiz.de/10014322758
Meeting the Paris Agreement goals will need a rapid acceleration of finance towards clean energy investments in emerging and developing economies. Blended finance is an important tool that can help mobilise commercial investment towards clean energy, whilst preserving scarce public resources for...
Persistent link: https://www.econbiz.de/10013376936
Venture capital plays an important role in funding and shaping innovation outcomes, characterized by investors' deep knowledge of the technology, industry, and institutions, as well as their long-running relationships with the entrepreneurship and innovation community. China, in its pursuit of...
Persistent link: https://www.econbiz.de/10014635664
In recent years, several European Union member states have modified the institutional design offinancial supervision. These reforms pose the question which considerations have led to the different models chosen in these countries. We analyse the considerations in the Netherlands leading to the...
Persistent link: https://www.econbiz.de/10005101800
This paper provides some history of deposit insurance and investor protection in the Netherlands against the background of the history of such protection in the European Union, EU-legislation and the recent changes in the design of financial supervision in the Netherlands. It discusses how...
Persistent link: https://www.econbiz.de/10005101939
Using a two-period model of a commodity market with a large number of atomistic consumers and two strategic sellers, we show that a speculator with access to storage can lower the market price while buying and raise the price while selling by clever use of limit, stop-loss, and market orders....
Persistent link: https://www.econbiz.de/10013537722
in 2013 and to analyze the interaction of capital regulation and banks' liquidity buffers. Our analysis suggests that …
Persistent link: https://www.econbiz.de/10011127195