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Feld, Lars P.; Heckemeyer, Jost Henrich - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008

Despite the continuing political interest in the usefulness of tax competition and tax coordination as well as the wealth of theoretical analyses, it still remains open whether or when tax competition is harmful. Moreover, the influence of tax differentials on multinationals' decisions is still...

Persistent link: https://www.econbiz.de/10005097490

Exports versus FDI in German Manufacturing: Firm Performance and Participation in International Markets

Arnold, Jens Matthias; Hussinger, Katrin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005

domestic market, better performers engage in export activities, and the top firms establish foreign subsidiaries. Using German …

Persistent link: https://www.econbiz.de/10005097979

The Effects of Multinationals? Profit Shifting Activities on Real Investments

Overesch, Michael - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2007

This paper investigates whether the size of multinationals? real investments in a high-tax country is affected by profit shifting activities. A simple theoretical analysis shows that tax rates abroad impact the cost of capital in the presence of profit shifting activities of multinational...

Persistent link: https://www.econbiz.de/10005098280

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

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 are used as a measure for interdependencies among European...

Persistent link: https://www.econbiz.de/10005097758

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...

Persistent link: https://www.econbiz.de/10005097915

Changing forces of gravity: How the crisis affected international banking

Buch, Claudia M.; Neugebauer, Katja; Schröder, Christoph - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

The global financial crisis has brought to an end a rather unprecedented period of banks' international expansion. We analyze the effects of the crisis on international banking. Using a detailed dataset on the international assets of all German banks with foreign affiliates for the years...

Persistent link: https://www.econbiz.de/10010985662

Competing internationally: On the importance of R&D for export activity

Czarnitzki, Dirk; Wastyn, Annelies - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010

Export is an important factor to improve growth and welfare especially for industrialized small, open economies such as … Belgium. Policy may be interested in key variables that can influence export. This paper finds evidence for the importance of … R&D for export activities using Belgian firm-level data. To control for reverse causality, R&D-subsidy variables are …

Persistent link: https://www.econbiz.de/10008694125

The Contribution of the IMF and the World Bank to Economic Freedom

Boockmann, Bernhard; Dreher, Axel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002

We analyse the effect of IMF and World Bank policies on the composite index of economic freedom by Gwartney et al. (2000) as well as its sub-indexes, using a panel of 85 countries observed between 1970 and 1997. With respect to the Bank, we find that the number of projects has a positive impact...

Persistent link: https://www.econbiz.de/10005097607

Haircut size, haircut type and the probability of serial sovereign debt restructurings

Schröder, Christoph - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

This paper complements the empirical literature on sovereign debt restructurings by analyzing potential determinants of (near-term) follow-up restructurings after a restructuring has taken place. The probability of follow-up restructurings is estimated by means of survival models using a unique...

Persistent link: https://www.econbiz.de/10011122569

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