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WTO Financial Services Commitments : Determinants and Impacton Financial Stability
Valckx, Nico - 2002
The paper investigates the factors that have influenced WTO members to take on their chosen level of liberalization commitments in the framework of liberalization of trade in financial services and the impact of such commitments on financial sector stability. The most important factors are...
Persistent link: https://www.econbiz.de/10014399728
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The GATS Agreementon Financial Services : A Modest Start to Multilateral Liberalization
Sorsa, Piritta - 1997
the General Agreements on Trade in Services (GATS). It provides an overview of the main features of the GATS and what the … participants in banking and securities within its framework, and compares GATS liberalization with the actual state of … emerging markets liberalized little under the GATS despite often well-developed financial markets, while the opposite was true …
Persistent link: https://www.econbiz.de/10014403355
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Internal capital markets in business groups and the propagation of credit supply shocks
Shi, Yu; Townsend, Robert M.; Zhu, Wu - 2019
Using business registry data from China, we show that internal capital markets in business groups can propagate corporate shareholders' credit supply shocks to their subsidiaries. An average of 16.7% local bank credit growth where corporate shareholders are located would increase subsidiaries...
Persistent link: https://www.econbiz.de/10012021989
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Bailout and Conglomeration
Kim, Se-Jik - 1999
The paper suggests that when firms differ stochastically in their productivity, a bank may find it optimal not to bail out the failed nonconglomerate firms at all, but to bail out conglomerates fully. Expectation of such bailout policy may encourage risk-averse firms to join a conglomerate to...
Persistent link: https://www.econbiz.de/10014400171
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Determinants and effects of countries' external capital structure : a firm-level analysis
Herman, Uroš; Krahnke, Tobias - 2022
In this paper, we investigate whether a firm's composition of foreign liabilities matters for their resilience during economic turmoil and examine which characteristics determine a firm's foreign capital structure. Using firm-level data, we corroborate previous findings from the (international)...
Persistent link: https://www.econbiz.de/10013170253
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Chinese investment in Latin America : sectoral complementarity and the impact of China's rebalancing
Ding, Ding; Di Vittorio, Fabio; Lariau, Ana; Zhou, Yue - 2021
Over the last decade China's investment in Latin America and the Caribbean (LAC) has increased substantially in volume and become more diversified from natural resources to other industries. Using cross-border mergers and acquisitions data, we demonstrate that since mid-2010s China's overseas...
Persistent link: https://www.econbiz.de/10012612332
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The role of e-government in promoting Foreign Direct Investment inflows
Al-Sadiq, Ali J. - 2021
Persistent link: https://www.econbiz.de/10012487235
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International taxation and Luxembourg's economy
Mooij, Ruud A. de; Prihardini, Dinar; Pflugbeil, Antje; … - 2020
Luxembourg receives ample investment from multinational corporations, in part due to some attractive features in its international tax rules. Around 95 percent of these foreign investments pass through Luxembourg via companies performing holding and/or intra-group financing activities. While...
Persistent link: https://www.econbiz.de/10012392656
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The socio-economic impact of special economic zones : evidence from Cambodia
Brussevich, Mariya - 2020
This study examines the socio-economic impact of special economic zones (SEZs) in Cambodia---a prominent place-based policy established in 2005. The paper employs a database on existing and future SEZs in Cambodia with matched household surveys at the district level and documents stylized facts...
Persistent link: https://www.econbiz.de/10012301938
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Coordinating revenue incentive policies in the Caribbean
Ding, Ding; Kalla, Samira; Rosales, Manuel; Sidibé, … - 2020
The pervasive use of tax incentives is costly for the Caribbean countries, yet the benefits seem limited. Better policy coordination at the regional level is needed to help overcome the collective action problems and generate more revenue to support the much-needed infrastructure investment....
Persistent link: https://www.econbiz.de/10012301961