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Banking across borders has risen substantially over the past two decades. Yet there is significant heterogeneity in the 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...
Persistent link: https://www.econbiz.de/10009707604
This paper considers the optimal taxation of savings intermediation and payment services in a dynamic general equilibrium setting, when the government can also use consumption and income taxes. When payment services are used in strict proportion to final consumption, and the cost of...
Persistent link: https://www.econbiz.de/10008699764
banks to form alliances with fintechs. Furthermore, we analyze whether such bank-fintech alliances affect the market …-collected data covering the largest banks from Canada, France, Germany, and the United Kingdom, we show that banks are significantly … Officer. We evidence that markets react more strongly if digital banks rather than traditional banks announce a bank …
Persistent link: https://www.econbiz.de/10011882455
unique dataset providing information about all bank loans to Norwegian firms over several years. Rather than relying on … observed market shares, we use the distance between bank branches and firms to measure the competitiveness of local markets … banks. We find that more competition leads to more risk taking. We also examine the effects of bank competition on the …
Persistent link: https://www.econbiz.de/10014284697
granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank … of itself, and it may also influence concentration in banking and thus the impact of bank-specific shocks for the … micro-macro panel dataset. Our research has three main findings: First, bank-level shocks significantly impact on GDP …
Persistent link: https://www.econbiz.de/10009786228
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
capital standards, and cost of bank equity determine credit reallocation, sectoral expansion and trade patterns. …
Persistent link: https://www.econbiz.de/10011941557
We document that the first leak of customer information from a tax haven bank caused a sudden flight of deposits from …
Persistent link: https://www.econbiz.de/10011771670
market is endogenously formed. Bank assets are hit by idiosyncratic shocks drawn from a thin tailed distribution. The uneven … to be heavily indebted to other banks, their liquidation can trigger other bank failures. We find that the distribution …
Persistent link: https://www.econbiz.de/10014490902
Financial inclusion is crucial for the inclusive and sustainable economic growth of developing countries. Access to financial services to all citizens, particularly to low income and poor people is a key to promote inclusive growth. While rural financial inclusion assumes importance from policy...
Persistent link: https://www.econbiz.de/10011541050