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All Banks Great, Small, and Global : Loan pricing and foreign competition

de Blas, Beatriz - 2010

effects from cross-border bank takeovers with those of cross-border lending by banks located overseas, which in most cases …

Persistent link: https://www.econbiz.de/10012462623

Financial Innovation and the Management and Regulation of Financial Institutions

Merton, Robert C. - 1995

New security designs, improvements in computer telecommunications technology and advances in the theory of finance have led to revolutionary changes in the structure of financial markets and institutions. This paper provides a functional perspective on the dynamics of institutional change and...

Persistent link: https://www.econbiz.de/10012473791

The FinTech Opportunity

Philippon, Thomas - 2016

This paper assesses the potential impact of FinTech on the finance industry, focusing on financial stability and access to services. I document first that financial services remain surprisingly expensive, which explains the emergence of new entrants. I then argue that the current regulatory...

Persistent link: https://www.econbiz.de/10012456201

Resource Allocation and Inefficiency in the Financial Sector

Hachem, Kinda - 2014

I analyze whether banks are efficient at allocating resources across intermediation activities. Competition between lenders means that resources are needed to draw borrowers into credit matches. At the same time, imperfect information between lenders and borrowers means that resources are also...

Persistent link: https://www.econbiz.de/10012458302

Efficient Regulation

Shleifer, Andrei - 2010

Regulation of economic activity is ubiquitous around the world, yet standard theories predict it should be rather … heavily regulated. It also makes predictions, both across activities and across jurisdictions, for the efficiency of …

Persistent link: https://www.econbiz.de/10012462999

An Anatomy of International Trade : Evidence from French Firms

Eaton, Jonathan - 2008

attributed to a single dimension of underlying firm heterogeneity, efficiency. Conditional on entry, underlying efficiency …

Persistent link: https://www.econbiz.de/10012464037

The Collection Efficiency of the Value Added Tax : Theory and International Evidence

Aizenman, Joshua - 2005

This paper evaluates the political economy and structural factors explaining the collection efficiency of the Value … Added Tax [VAT]. We consider the case where the collection efficiency is determined by the probability of audit and by the … penalty on underpaying. Implementation lags imply that the present policy maker determines the efficiency of the tax system …

Persistent link: https://www.econbiz.de/10012467139

Excess Capital Flows and the Burden of Inflation in Open Economies

Desai, Mihir A. - 1997

This paper estimates the efficiency consequences of interactions between nominal tax systems and inflation in open … capital movement and influencing domestic and foreign tax receipts, saving, and investment. The efficiency costs of inflation …

Persistent link: https://www.econbiz.de/10012472750

Letter Grading Government Efficiency

Chong, Alberto - 2012

, on average. The results provide new objective indicators of government efficiency across countries, based on a simple and …

Persistent link: https://www.econbiz.de/10012460391

The Asian Flu and Russian Virus : Firm-level Evidence on How Crises are Transmitted Internationally

Forbes, Kristin - 2000

This paper uses firm-level information to evaluate how crises are transmitted internationally. It constructs a new data set of financial statistics, industry information, geographic data, and stock returns for over 10,000 companies in 46 countries to test what types of firms were most affected...

Persistent link: https://www.econbiz.de/10012470943

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