. This way, one bank's dividend payout policy affects the equity value and risk of default of other banks. When such negative …

was exacerbated by large scale payments of dividends, in spite of widely anticipated credit losses. Dividend payments …

reviews recent American debate over integration and dividend relief, the systems of dividend relief now being used in Europe … existing arrangements in Europe, possible alternative systems for international taxation in a world of dividend relief, and …, using the European-American situation as an example, relations between countries with dividend relief and those with …