Showing 1 - 10 of 555
rest of the world. International cooperation benefits other countries by improving global demand for dollar-invoiced goods …
Persistent link: https://www.econbiz.de/10012834360
In the context of international tax coordination incomplete information is one of the well-known frictions that can lead to bargaining failure and might explain a lack of observed coordination. We consider international negotiations about tax coordination under complete and incomplete...
Persistent link: https://www.econbiz.de/10012892184
This paper investigates how multinational banks use internal debt to shift profits to low-taxed affiliates. Using regulatory data on multinational banks headquartered in Germany, we show that banks use this tax avoidance channel more aggressively than non-financial multinationals do. We find...
Persistent link: https://www.econbiz.de/10012823158
countries where firms borrowed more from domestic banks ("domestic bank dependence") than in countries where firms borrowed more … vulnerable to global banking shocks. We confirm, using a calibrated quantitative model, that domestic bank dependence makes …
Persistent link: https://www.econbiz.de/10012860572
trust of residents of a bank’s countries of operation in the residents of a potential target country of investment has a … cultural stereotypes at the bank level, we show that corporate culture at bank headquarters is influenced by foreign …. We therefore leverage the geography of multinational bank branch networks to construct a bank-specific measure of culture …
Persistent link: https://www.econbiz.de/10014240868
This paper sets up a model of trade, in which two countries with differing levels of technology specialize in the production of sub-stages of the global value chain. In the open economy, the technologically backward country exports intermediates in exchange for imports of a homogeneous...
Persistent link: https://www.econbiz.de/10014240317
capital standards, and cost of bank equity determine credit reallocation, sectoral expansion and trade patterns …
Persistent link: https://www.econbiz.de/10012892187
What are the incentives for governments to coordinate their policies internationally when there is model disagreement and uncertainty? We build a model where countries disagree on policy targets and how policies affect the economies, and show that uncertainty not only determines the type of...
Persistent link: https://www.econbiz.de/10012892108
effect on the exports of beneficiaries when they are members of the World Trade Organization and are very poor. Not …
Persistent link: https://www.econbiz.de/10012892267
This paper studies the design of the policy mix in a monetary union, that is, the institutional arrangement specifying the relationships between the various policymakers present in the union and the extent of their capacity of action. It is assumed that policymakers do not cooperate. Detailing...
Persistent link: https://www.econbiz.de/10012832189