Showing 1 - 10 of 155
Financial repression lowers the return on government debt and contributes, all else equal, towards its liquidation. However, its full effect on the debt-to-GDP ratio hinges on how repression impacts the economy at large because it alters investment and saving decisions. We develop and estimate a...
Persistent link: https://www.econbiz.de/10014559288
This study investigates the development of income-decreasing discretionary expenses surrounding CEO turnovers at banks …. We expect incoming CEOs to take an earnings bath during the initial stage of their tenure. For a sample of German banks …
Persistent link: https://www.econbiz.de/10010249661
While financial inclusion is typically addressed by improving the financial infrastructure, we show that a higher degree of financial literacy also has a clear beneficial effect. We study this effect at the cross-country level, which allows us to consider institutional variation. Regarding...
Persistent link: https://www.econbiz.de/10011902705
Focus to assess in how far the new disclosure obligation increased transparency on banks' tax avoidance behavior. Our …. Regression analysis based on CbCR data and Bank Focus data leads us to expect a tax semi-elasticity of banks' reported profits of …. However, the lack of important economic variables (total assets and staff cost) impedes an exact estimation of banks' profit …
Persistent link: https://www.econbiz.de/10012109754
The public CbCR requirement for EU financial institutions leaves leeway to the reporting firms as regards the calculating and presentation of the data. Based on a sample of CbCRs published by EU-headquartered multinational bank groups, we analyze the reporting behavior and the degree of...
Persistent link: https://www.econbiz.de/10012434484
architecture, focusing on the main motivations for its creation, ways of acting and governance structure. Although focused on …
Persistent link: https://www.econbiz.de/10012061815
We use a unique data set that comprises each bank’s bids in the Eurosystem’s main refinancing operations and its … recourse to the LOLR facility (a) to derive banks’ willingness-to-pay for liquidity through a one-week repo and (b) to show … that a bank’s willingness-to-pay is a good indicator for the probability that this bank draws on the LOLR facility. Our …
Persistent link: https://www.econbiz.de/10010192732
one banking relationship as long as they account for only a small share of the total loan volume of their banks. The …
Persistent link: https://www.econbiz.de/10011495499
After the collapse of Lehman Brothers, a rapid and far-reaching shrinkage of international banks’ assets with a focus …
Persistent link: https://www.econbiz.de/10011299079
on financial stability and the real economy. We investigate the cyclicality of SME lending by local banks with vs … maximization and a sustainable provision of financial services to local customers. We find that banks with a public mandate are 25 … percent less cyclical than other local banks. The result is credit supply-side driven and especially strong for savings banks …
Persistent link: https://www.econbiz.de/10011391616