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bank internationalization. Second, only a few non-financial firms engage in international trade, but many banks hold …
Persistent link: https://www.econbiz.de/10003923511
This paper shows that countries with weak banking system and fiscal institutions, should benefit from the presence of foreign banks, which can constitute a commitment and transparency device. Foreign banks can also reduce the probability of self-fulfilling speculative attacks. A strong presence...
Persistent link: https://www.econbiz.de/10011508110
restrictions upon foreign bank entry and foreign ownership have been affectively abolished. Using Data Envelopment Analysis (DEA … banks have used size as a barrier to entry to the new entrants in the post-deregulation period. Furthermore, bank efficiency … seems to have increased post-deregulation and the competition resulting from diversity in bank types was important to prompt …
Persistent link: https://www.econbiz.de/10011514045
We analyze the microeconomic determinants of cross-border bank acquisitions in 16 transition economies over the period … less efficient banks. This result is in line with the efficiency hypothesis. -- Cross-border bank acquisitions ; latent …
Persistent link: https://www.econbiz.de/10003749434
This paper analyzes the development of the banking sector in European transition countries. We find that, although bank … major players in the financial system of these countries. However, foreign bank presence and financial development in … than domestic banks. Furthermore, it appears that foreign and domestic bank performance tend to converge. …
Persistent link: https://www.econbiz.de/10011404323
profit shifting channels different from those of other firms. We propose a novel and bank-specific method of profit shifting … bank, we show that a one percentage point lower corporate tax rate increases banks'fixed-income trading assets by 4.0% and …
Persistent link: https://www.econbiz.de/10011723340
to analyze eleven sanctions episodes between 2002 and 2015, we find that banks located in Germany reduce their positions … in countries with sanctioned entities by 38%. The average German branch or subsidiary located outside Germany does not …
Persistent link: https://www.econbiz.de/10011952047
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/10011741340
This paper estimates ordered logit and probit regression models for bank ratings which also include a country index to … bank ratings assigned by Fitch Ratings are underpinned by fundamental quantitative financial analyses. Also, there is … strong evidence of a country effect. Our model is shown to provide accurate predictions of bank ratings for the period prior …
Persistent link: https://www.econbiz.de/10003832133
This paper describes the trends in foreign bank ownership across the world and presents, for the first time, empirical … bank subsidiaries across 54 countries from 1997 to 2009, we show that the problems encountered by subsidiaries were not the …. Therefore, we assume that a multinational bank's decision to close or sell a subsidiary in another country is based mainly on …
Persistent link: https://www.econbiz.de/10003955236