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Does lowering dividend tax rates increase dividends repatriated? : evidence of intra-firm cross-border dividend repatriation policies by German Multinational Enterprises
Leibrecht, Markus; Bellak, Christian; Wild, Michael - 2009
This paper explores the impact dividend taxes exert on the dividends repatriated from foreign affiliates to their German parent company. Based on an augmented Lintner model of firms' dividend payout decisions, the paper focusses on cross-border intra-firm dividend payments of wholly-owned...
Persistent link: https://www.econbiz.de/10003870801
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Going multinational : what are the effects on home market performance?
Jäckle, Robert (contributor) - 2006
A number of recent studies and evidence for the existence of a persistent performance gap between multinational enterprises (MNE) and their domestic competitors. Therefore, the question arises whether successful firms become MNEs or whether going abroad improves home market performance. This...
Persistent link: https://www.econbiz.de/10003275966
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Exports versus FDI in German manfacturing : firm performance and participation in international markets
Arnold, Jens Matthias (contributor);  … - 2006
This paper tests some of the predictions of recent advances in trade theory that have focused on different trade patterns of firms within the same sector. Helpman, Melitz and Yeaple (2005) develop a model in which innate productivity differences between firms determine the degree of...
Persistent link: https://www.econbiz.de/10003275970
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Core inflation rates : a comparison of methods based on west German data
Landau, Bettina - 2000
) Germany. In addition, the different methods are examined critically from a theoretical perspective, focusing on two types of …Die vorliegende Studie präsentiert einen Vergleich zwischen verschiedenen Methoden für die Kalkulation der … Analyse von Daten für den Preisindex für die Lebenshaltung für (West-)Deutschland. Daneben werden die Methoden aus …
Persistent link: https://www.econbiz.de/10011418839
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Evaluating density forecasts with an application to stock market returns
Raaij, Gabriela de; Raunig, Burkhard - 2002
Density forecasts have become quite important in economics and finance. For example, such forecasts play a central role in modern financial risk management techniques like Value at Risk. This paper suggests a regression based density forecast evaluation framework as a simple alternative to other...
Persistent link: https://www.econbiz.de/10011431370
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The diversity of forecasts from macroeconomic models of the U.S. economy
Wieland, Volker; Wolters, Maik - 2010
This paper investigates the accuracy and heterogeneity of output growth and inflation forecasts during the current and the four preceding NBER-dated U.S. recessions. We generate forecasts from six different models of the U.S. economy and compare them to professional forecasts from the Federal...
Persistent link: https://www.econbiz.de/10003973758
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German bank lending to industrial and non-industrial countries : driven by fundamentals or different treatment?
Nestmann, Thorsten (contributor) - 2005
This paper shows that the substantial disparity in German bank lending towards industrial (IC) and non-industrial (Non-IC) countries is largely explained by differences in countries’ endowments and only to a minor extent by German banks’ different treatment of these country groups. This is...
Persistent link: https://www.econbiz.de/10003079228
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Bank bonds : size, systemic relevance and the sovereign
Zaghini, Andrea - 2014
We analyze the risk premium on bank bonds at origination with a special focus on the role of implicit and explicit public guarantees and the systemic relevance of the issuing institutions. By looking at the asset swap spread on 5,500 bonds, we find that explicit guarantees and sovereign...
Persistent link: https://www.econbiz.de/10010343421
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Financial systems and the role of banks in monetary policy transmission in the euro area
Ehrmann, Michael; Gambacorta, Leonardo; Martínez … - 2001
This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based …Dieses Papier bietet einen umfassenden Vergleich zwischen den Strukturen der Banksysteme und Finanzmärkte im Eurogebiet …
Persistent link: https://www.econbiz.de/10011419463
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The determinants of intra-firm trade : in search for export-import magnification effects
Egger, Peter (contributor); Pfaffermayr, Michael (contributor) - 2005
This paper studies the determinants of Austrian bilateral intra-firm trade in a panel of industry-level intra-firm goods trade flows. Economic size, unit labor costs and the magnification effects originating from multiple border crossing of sequentially finished products are found to be the most...
Persistent link: https://www.econbiz.de/10002825987