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Cigarette Excise Taxation : The Impact of Tax Structure on Prices, Revenues, and Cigarette Smoking
Chaloupka, Frank J. - 2010
The main purpose of this study is to provide empirical evidence on the effects of the cigarette excise tax structure on three outcomes: cigarette prices, government revenues, and cigarette consumption. We composed cross-sectional time-series data for 21 EU countries from year 1998 to 2007 from...
Persistent link: https://www.econbiz.de/10013139133
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Detecting Illegal Arms Trade
DellaVigna, Stefano - 2010
Illegal arms are responsible for thousands of deaths in civil wars every year. Yet, their trade is very hard to detect. We propose a method to statistically detect illegal arms trade based on the investor knowledge embedded in financial markets. We focus on eight countries under UN arms embargo...
Persistent link: https://www.econbiz.de/10012759887
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Dividends and Bank Capital in the Financial Crisis of 2007-2009
Acharya, Viral V. - 2011
-funded capital injections. However, on closer inspection the composition of bank capital shifted radically from one based on common …
Persistent link: https://www.econbiz.de/10013128263
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Trust in Public Institutions Over the Business Cycle
Stevenson, Betsey - 2011
We document that trust in public institutions--and particularly trust in banks, business and government--has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear legacy...
Persistent link: https://www.econbiz.de/10013128268
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Were the Nigerian Banking Reforms of 2005 a Success ... And for the Poor?
Cook, Lisa D. - 2011
data through 2008 to investigate whether bank consolidation and other measures achieved their stated goals and whether they …
Persistent link: https://www.econbiz.de/10013128269
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Informational Rents, Macroeconomic Rents, and Efficient Bailouts
Philippon, Thomas - 2011
We analyze government interventions to alleviate debt overhang among banks. Interventions generate two types of rents. Informational rents arise from opportunistic participation based on private information while macroeconomic rents arise from free riding. Minimizing informational rents is a...
Persistent link: https://www.econbiz.de/10013130980
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Implications of Corporate Capital Structure Theory for Banking Institutions
Orgler, Yair - 2011
, why commercial bank leverage has tended to increase over time and why large banks tend to have relatively less capital …
Persistent link: https://www.econbiz.de/10013133321
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The Domestic and International Effects of Interstate U.S. Banking
Ghironi, Fabio Pietro - 2010
labor supply in response to productivity shocks. Bank market integration thus contributes to a moderation of firm-level and …
Persistent link: https://www.econbiz.de/10013135057
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The Valuation Effects of Geographic Diversification : Evidence from U.S. Banks
Goetz, Martin Richard - 2011
This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United … States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank …
Persistent link: https://www.econbiz.de/10013117404
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Why Did U.S. Banks Invest in Highly-Rated Securitization Tranches?
Erel, Isil - 2011
-rated tranches were economically trivial for the typical bank, but banks with greater holdings performed more poorly during the …-rated tranches are not higher for banks with large trading books in regressions that control for bank size. The ratio of highly …-rated tranches holdings to assets increases with bank assets, but not for banks with more than $50 billion of assets. This evidence …
Persistent link: https://www.econbiz.de/10013121733