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Regulatory Arbitrage and the Efficiency of Banking Regulation
Boyer, Pierre - 2016
We study the efficiency of banking regulation under financial integration. Banks freely choose the jurisdiction where … to locate their activities and have private information about their efficiency level. Regulators non-cooperatively offer … regulators to discriminate between banks with different efficiency levels. This result is driven by the endogenous restriction …
Persistent link: https://www.econbiz.de/10012991941
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How Should Financial Intermediation Services Be Taxed?
Lockwood, Ben - 2010
should be untaxed. These results can be understood as applications of the Diamond-Mirrlees production efficiency theorem …
Persistent link: https://www.econbiz.de/10013136605
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Bank Competition and Financial Stability : A General Equilibrium Exposition
De Nicolo, Gianni - 2013
We study the welfare properties of a general equilibrium banking model with moral hazard that encompasses incentive …
Persistent link: https://www.econbiz.de/10013086044
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Drivers and Obstacles to Banking SMEs : The Role of Competition and the Institutional Framework
de la Torre, Augusto - 2009
Small and medium enterprises (SMEs) are important for employment and economic activity; however, they are perceived to lack adequate financing, which hampers their growth. As a consequence, governments have implemented a number of programs to foster SME lending and attention has focused on...
Persistent link: https://www.econbiz.de/10013159698
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Trading Offshore : Evidence on Banks' Tax Avoidance
Langenmayr, Dominika - 2017
Little is known about how banks shift profits to low-tax countries. Because of their specific business model, banks use profit shifting channels different from those of other firms. We propose a novel and bank-specific method of profit shifting: the strategic relocation of proprietary trading to...
Persistent link: https://www.econbiz.de/10012945103
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Unexpected Loan Losses and Bank Capital in an Estimated DSGE Model of the Euro Area
Hristov, Nikolay - 2016
We develop a stylized DSGE model in which banks face capital regulation and their loan portfolios are subject to non-diversifiable losses due to aggregate shocks. The framework is used to explore the importance of the interaction between macroeconomic conditions, credit default and bank...
Persistent link: https://www.econbiz.de/10012978077
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How Do Banks Interact with Fintech Startups?
Hornuf, Lars - 2020
The increasing pervasiveness of technology-driven firms that offer banking services has led to a growing pressure on …
Persistent link: https://www.econbiz.de/10012851315
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Foreign Currency Loans and Credit Risk : Evidence from U.S. Banks
Niepmann, Friederike - 2020
When firms borrow in foreign currency but collect revenues in local currency, exchange rate changes can affect their ability to repay their debt. Using loan-level data from U.S. banks' regulatory filings, this paper studies the effect of exchange rate changes on firms' loan payments. A 10...
Persistent link: https://www.econbiz.de/10012853395
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International Trade, Risk and the Role of Banks
Niepmann, Friederike - 2014
Banks play a critical role in international trade by providing trade finance products that reduce the risk of exporting. This paper employs two new data sets to shed light on the magnitude and structure of this business, which, as we show, is highly concentrated in a few large banks. The two...
Persistent link: https://www.econbiz.de/10013054021
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Government Guarantees and Bank Risk Taking Incentives
Fischer, Markus - 2014
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of guarantees for German Landesbanken which results in lower credit ratings, higher funding costs, and a loss in franchise value. This removal was announced in 2001, but...
Persistent link: https://www.econbiz.de/10013055384