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of a major international bank to third-country counter parties during the recent crisis may thus result in persistently … lower volumes of outward FDI from the bank's home market. -- outward sector-level FDI ; banks ; asymmetric information …
Persistent link: https://www.econbiz.de/10009153880
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
We study the effects of financial sanctions on cross-border credit supply. Using a differences-in-differences approach 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...
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
bank internationalization. Second, only a few non-financial firms engage in international trade, but many banks hold …
Persistent link: https://www.econbiz.de/10003923511
Since the middle of the 1980s many European countries have reduced the strictness of their employment protection mainly by relaxing it for temporary jobs. These countries are Belgium, Denmark, Germany, Greece, Italy, the Netherlands, Portugal, Spain and Sweden. The article explores the...
Persistent link: https://www.econbiz.de/10003897340