Showing 1 - 10 of 633
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
Small businesses (SMEs) depend on banks for credit. We show that the severity of the Eurozone crisis was worse in … from international banks. Eurozone banking integration in the years 2000–2008 mainly involved cross-border lending between … banks while foreign banks' lending to the real sector stayed flat. Hence, SMEs remained dependent on domestic banks and were …
Persistent link: https://www.econbiz.de/10012860572
Using hand-collected data spanning more than a decade on European banks’ sovereign debt portfolios, we show that the trust of residents of a bank’s countries of operation in the residents of a potential target country of investment has a positive, statistically significant, and economically...
Persistent link: https://www.econbiz.de/10014240868
Trade and innovation cause structural change. Productive factors must flow from declining to growing industries. Banks play a major role in cutting credit to non-viable firms in downsizing sectors and in providing new credit to finance investment in expanding, innovative sectors. Structural...
Persistent link: https://www.econbiz.de/10012892187
This paper uses loan application-level data from a peer-to-peer lending platform to study the risk-taking channel of …
Persistent link: https://www.econbiz.de/10012861380
The loans of the IMF, World Bank, and other multilateral development banks (MDBs) are excluded from debt restructuring …
Persistent link: https://www.econbiz.de/10014347019
The paper empirically examines the implementation record of international financial regulation of the banking sector. The study finds that the size of the banking sector and the presence of global systemically important banks (G-SIBs) are positively associated with a stronger implementation...
Persistent link: https://www.econbiz.de/10012824593
regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to … annual data from 1999 to 2011 drawn from 132 countries. The probability of a financial crisis fits an inverted U-shaped curve …
Persistent link: https://www.econbiz.de/10012866557
We first present a simple model of post-crisis policymaking driven by both public and private interests. Using a novel … interventions in financial markets. Consistent with a public interest channel, we find post-crisis interventions occur only in …
Persistent link: https://www.econbiz.de/10013224071
of the domestic violence problem during periods of crisis than traditional, police-recorded crime measures. Analyzing the …
Persistent link: https://www.econbiz.de/10013315247