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The threat of systemic risk in banking: evidence for Europe
Schüler, Martin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002
This paper attempts to answer the question whether the threat of systemic risk in banking exists only on a national or … on a European level. Following De Nicolo and Kwast (2001), mean rolling-window correlations between bank stock returns …
Persistent link: https://www.econbiz.de/10005097758
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Systemic Risk in European Banking: Evidence from Bivariate GARCH Models
Schüler, Martin; Schröder, Michael - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003
This paper attempts to assess the Europe-wide systemic risk in banking. We employ a bivariate GARCH model to estimate … conditional correlations between European bank stock indices. These correlations are used as an indication for the … interdependencies amongst the banking business in Europe and hence for the systemic risk potential. We employ several tests to assess …
Persistent link: https://www.econbiz.de/10005097915
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What drives the demand of monetary financial institutions for domestic government bonds? Empirical evidence on the impact of Basel II and Basel III
Lang, Michael; Schröder, Michael - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
This paper examines the treatment of sovereign debt exposure within the Basel framework and measures the impact of bank … regulation on the demand of Monetary Financial Institutions (MFI) for marketable sovereign debt. Our results suggest that bank …
Persistent link: https://www.econbiz.de/10011122561
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Incentive Problems in Banking Supervision: The European Case
Schüler, Martin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003
This paper discusses the incentive conflicts that arise in banking supervision in the EU in a principal-agent framework …
Persistent link: https://www.econbiz.de/10005097935
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Effective tax rates under IP tax planning
Evers, Lisa; Spengel, Christoph - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
Tax planning with intangibles has become one of the most popular and most vividly debated topics in international taxation. We incorporate various intellectual property (IP) tax planning models into forward-looking measures of effective tax rates, namely the disposal of intangibles to low-tax...
Persistent link: https://www.econbiz.de/10011104993
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Gemeinsame Körperschaftsteuer-Bemessungsgrundlage in der EU: Konkretisierung der Gewinnermittlungsprinzipien und Weiterentwicklungen
Evers, Maria Theresia; Finke, Katharina; Köstler, Melanie - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
Am 16. März 2011 hat die Europäische Kommission einen Richtlinienentwurf (RLE) für eine "Gemeinsame Konsolidierte Körperschaftsteuer-Bemessungsgrundlage (GKKB)" vorgelegt. Die darin enthaltenen Normen zur harmonisierten Ermittlung der steuerlichen Bemessungsgrundlage weisen jedoch aufgrund...
Persistent link: https://www.econbiz.de/10011104997
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Does exchange of information between tax authorities influence multinationals' use of tax havens?
Braun, Julia; Weichenrieder, Alfons - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2015
Since the mid-1990s, countries offering tax systems that facilitate international tax avoidance and evasion have been facing growing political pressure to comply with the internationally agreed standards of exchange of tax information. Using data of German investments in tax havens, we find...
Persistent link: https://www.econbiz.de/10011188608
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Form follows function? Evidence on tax savings by multinational holding structures
Dreßler, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
database provided by the German Central Bank (Deutsche Bundesbank). The results show that a higher withholding tax between two …
Persistent link: https://www.econbiz.de/10010985607
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Vorteile einer GKB / GUB außerhalb der Gewinnermittlung: Eine Analyse aus Sicht des deutschen Steuerrechts
Scheffler, Wolfram; Köstler, Melanie - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
In diesem Beitrag wird aufgezeigt, dass die Harmonisierung der Gewinnermittlung innerhalb der EU zahlreiche Zusatzvorteile aufweist und dass es sich lohnt, die Arbeiten an der GKB / GUB zu einem erfolgreichen Abschluss zu bringen. Mit einer GKB / GUB lassen sich für zahlreiche, seit langem...
Persistent link: https://www.econbiz.de/10010985611
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Empirical evaluation of interest barrier effects
Dreßler, Daniel; Scheuering, Uwe - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
We analyze the impact of changes in thin capitalization rules on corporations' capital structure. Thin capitalization rules prevent firms from deducting excessive interest expenses from their tax base. As of 2008, Germany has severely changed its thin capitalization rule by targeting interest...
Persistent link: https://www.econbiz.de/10010985619