Showing 1 - 10 of 12
This paper re-visits the state of decentralised banking in Germany, Spain and the UK. The cross-country comparison we conducted has identified Germany as having the most decentralised banking system, followed by Spain and the UK, as expected. The development of regional and double-purpose banks,...
Persistent link: https://www.econbiz.de/10011800413
market financing, debt or equity financing - seems to be particularly harmful or beneficial for growth. …
Persistent link: https://www.econbiz.de/10011962798
negatively related to credit spreads. Particularly during the financial crisis of 2007-09 and the subsequent European debt crisis …
Persistent link: https://www.econbiz.de/10011897986
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This paper uses mortgage data to construct a measure of terms on which households access to external finance, and relates it to consumption at both the aggregate and cohort levels. The Household External Finance (HEF) index is based on the spread paid by risky borrowers in the mortgage market....
Persistent link: https://www.econbiz.de/10003770102
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Broker-dealer leverage has recently proven to be strongly procyclical, exhibiting impressive explanatory power for a … balance-sheet indicators for asset pricing. In particular, leverage shows a procyclical behavior with a positive price of risk …. Moreover, high leverage coincides with high asset prices, thereby forecasting lower future returns. …
Persistent link: https://www.econbiz.de/10011987800
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national or a foreign subsidiary with debt or equity. The article focuses on how the corporation tax systems in France, Germany …The following article examines the effects of different business tax systems on corporations' decisions to finance a …
Persistent link: https://www.econbiz.de/10011619416
The following article examines the effects of different business tax systems on a shareholder's decision to finance a … corporation with debt or equity by comparing the basic business taxation concepts in France, Germany and the United Kingdom. The …
Persistent link: https://www.econbiz.de/10011622725