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International Differences in Capital Taxation and Corporate Borrowing Behavior : Evidence from the U.S. Withholding Tax

Papke, Leslie E. - 1989

Securities transactions in the U.S. climbed on a net basis from $19 billion in 1983 to $50 billion in 1985. This rise was due almost entirely to an increase in foreign purchases of U.S. securities - largely corporate and government bonds. One reason suggested for this phenomenon is foreign...

Persistent link: https://www.econbiz.de/10012475916

Exchange Rate Pass-Through, Currency of Invoicing and Market Share

Devereux, Michael B. - 2015

This paper investigates the impact of market structure on the joint determination of exchange rate pass- through and currency of invoicing in international trade. A novel feature of the study is the focus on market share of firms on both sides of the market--that is, exporting firms and...

Persistent link: https://www.econbiz.de/10012457255

The Relationship Between Exchange Rates and Inflation Targeting Revisited

Edwards, Sebastian - 2006

This paper deals with the relationship between inflation targeting and exchange rates. I address three specific issues: first, I analyze the effectiveness of nominal exchange rates as shock absorbers in countries with inflation targeting. This issue is closely related to the magnitude of the...

Persistent link: https://www.econbiz.de/10012466531

Antidumping Investigations and the Pass-Through of Exchange Rates and Antidumping Duties

Blonigen, Bruce A. - 1999

We present a model that shows that exchange rate pass-through is likely to be substantially altered when firms face antidumping (AD) duties and that optimal pass-through of AD duties may be up to 200 percent. We examine both pass-through issues using monthly prices across 345 U.S.- imported...

Persistent link: https://www.econbiz.de/10012471406

Employment versus Wage Adjustment and the US Dollar

Campa, Jose Manuel - 1998

Using two decades of annual data, we explore the links between real exchange rates and employment, wages and overtime activity in specific U.S. manufacturing industries. Across two-digit industry levels of aggregation, exchange rate movements do not have large effects on numbers of jobs or on...

Persistent link: https://www.econbiz.de/10012472064

Precedent and Legal Argument in U.S. Trade Policy : Do They Matter To The Political Economy of the Lumber Dispute?

Kalt, Joseph P. - 1994

For more than a decade, the United States and Canada have been engaged in a rancorous dispute over trade in softwood … industry has sought to have countervailing duties imposed upon Canadian lumber imports. The U.S. interests argue that Canada … economy are tested. Capture Theory de-emphasizes the role of institutional settings of the kind at work here: The outcomes of …

Persistent link: https://www.econbiz.de/10012474176

Macroprudential FX Regulations : Shifting the Snowbanks of FX Vulnerability?

Ahnert, Toni - 2018

Can macroprudential foreign exchange (FX) regulations on banks reduce the financial and macroeconomic vulnerabilities created by borrowing in foreign currency? To evaluate the effectiveness and unintended consequences of macroprudential FX regulations, we develop a parsimonious model of bank and...

Persistent link: https://www.econbiz.de/10012480734

Business Groups in Canada : Their Rise and Fall, and Rise and Fall Again

Morck, Randall - 2015

Family-controlled pyramidal business groups were important in Canada early in the 20th century, amid rapid catch …

Persistent link: https://www.econbiz.de/10012456963

Credit Card Entrepreneurs

Akcigit, Ufuk; Chhina, Raman; Cilasun, Seyit Mümin; … - National Bureau of Economic Research - 2025

Beginning in January 2021, over less than two years, credit card usage by small U.S. businesses nearly doubled, interest payments rose by 60%, and delinquencies reached 2.8%. In this paper, we utilize near real-time QuickBooks data from over 1.6 million small businesses and a targeted survey to...

Persistent link: https://www.econbiz.de/10015361494

Debt and Assets

Benmelech, Efraim; Kumar, Nitish; Rajan, Raghuram Govind - National Bureau of Economic Research - 2025

We examine the importance of corporate assets in supporting debt. Prior studies typically see only secured debt as asset backed, while the rest is deemed cash flow based. This implies only a small fraction of US debt is asset backed. Yet because corporations often resist offering security...

Persistent link: https://www.econbiz.de/10015438233