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Financial Opening, Deposit Insurance, and Risk in a Model of Banking Competition
Cordella, Tito - 1998
This paper studies the impact of competition on the determination of interest rates and banks’ risk-taking behavior under different assumptions about deposit insurance and the dissemination of financial information. It finds that lower entry costs foster competition in deposit rate sand reduce...
Persistent link: https://www.econbiz.de/10014400717
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Central bank communication and monetary policy surprises in Chile
Pescatori, Andrea - 2018
This paper assesses the quality of the CBC's communication policy by looking at the predictability and effectiveness of … for the three major communication channels of the CBC: the release of policy meetings' statements, minutes, and monetary … monetary policy surprises associated with meeting statements and the impact of the above communication channels on asset …
Persistent link: https://www.econbiz.de/10011878683
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Imperfect Central Bank Communication : Information Versus Distraction
Orphanides, Athanasios - 2008
; this means that the central bank may prefer to focus its communication policies on the information it knows most about …
Persistent link: https://www.econbiz.de/10014401641
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Inflation Targeting and Communication : It Pays off to Read Inflation Reports
Smídková, Katerina - 2008
methodology for the empirical evaluation of consistency in central bank communication. We find that the three communication tools …
Persistent link: https://www.econbiz.de/10014401995
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Inflation Reports and Models : How Well Do Central Banks Really Write?
Bulir, Ales - 2014
We offer a novel methodology for assessing the quality of inflation reports. In contrast to the existing literature, which mostly evaluates the formal quality of these reports, we evaluate their economic content by comparing inflation factors reported by the central banks with ex-post...
Persistent link: https://www.econbiz.de/10014411339
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Thin capitalization rules and multinational firm capital structure
Blouin, Jennifer L.; Huizinga, Harry; Laeven, Luc; … - 2014
Persistent link: https://www.econbiz.de/10010389493
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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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A balance sheet analysis of the Dutch economy
Chen, Ruo - 2021
The Dutch economy is characterized by substantial financial balance sheets in the private sector. Uncommonly large gross financial assets and liabilities are found in the financial sector, whereas households own significant net financial wealth. The large gross financial assets and liabilities...
Persistent link: https://www.econbiz.de/10012796312
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At a cost : the real effects of thin capitalization rules
Mooij, Ruud A. de; Liu, Li - 2021
Thin capitalization rules (TCRs) aim to mitigate profit shifting by multinational corporations (MNCs) but, by raising the cost of capital for affected affiliates, can also negatively affect real investment. Exploiting unique panel data on multinational companies in 34 countries during 2006-2014,...
Persistent link: https://www.econbiz.de/10012517932
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How does profit shifting affect the balance of payments?
Hebous, Shafik; Klemm, Alexander; Wu, Yuou - 2021
Profit shifting by multinational enterprises-through manipulation of transfer prices of related-party trade, intragroup lending, or the location of intangibles-affects international flows, raising the question of its impact on the current account and external balances. This paper approaches this...
Persistent link: https://www.econbiz.de/10012518311