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international and global activities of banks across countries. This paper develops and tests a theoretical model that explains this … variation from an international trade theory perspective. In the model, banking across borders arises from differences in factor … differential effects of capital account and banking sector liberalization on banks' foreign positions and international capital …
Persistent link: https://www.econbiz.de/10009707604
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 …-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel … dataset that contains all German banks' international activities, we estimate the ordered probability of a presence abroad …
Persistent link: https://www.econbiz.de/10003923511
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
This paper estimates ordered logit and probit regression models for bank ratings which also include a country index to … capture country-specific variation. The empirical findings provide support to the hypothesis that the individual international … bank ratings assigned by Fitch Ratings are underpinned by fundamental quantitative financial analyses. Also, there is …
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 … that those parent banks reported significant financial weaknesses prior to closing their international operations …
Persistent link: https://www.econbiz.de/10003955236
of a major international bank to third-country counter parties during the recent crisis may thus result in persistently …-financial multinationals. The paper builds on the literature on international banks which has primarily focused on the implications for host … countries, rather than for its international clients, and on the literature on foreign direct investment (FDI), which emphasizes …
Persistent link: https://www.econbiz.de/10009153880
untraded consumer goods in an uncertain productive environment, borrowing funds from a bank in either the home or the foreign … of bank failure is partly borne by taxpayers in the bank's home countries. Moreover, each bank chooses the share of its … lending allocated between domestic and foreign firms, but the bank's overall loan volume is fixed by a capital requirement set …
Persistent link: https://www.econbiz.de/10011554376
international bank sector does not react. Non-OFC islands on the other hand do show strong negative reactions. Similar (non … on OFCs. These results indicate that international regulation attempts that aim at forcing OCFs to provide information on …
Persistent link: https://www.econbiz.de/10012299795