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EU Company Taxation in Case of a Common Tax Base: A Computer-based Calculation and Comparison Using the Enhanced Model of the European Tax Analyzer
Stetter, Thorsten; Spengel, Christoph; Jacobs, Otto H.; … - 2005
Accounting Standards / International Financial Reporting Standards (IAS/IFRS). Since dependency of financial and tax accounting … according to different degrees prevails in all EU member states a linkage between IAS/IFRS and tax accounting seems to be … possible. Compared to national GAAP the advantage of IAS/IFRS as a starting point for tax accounting derives from the …
Persistent link: https://www.econbiz.de/10010297444
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Comparability effects of mandatory IFRS adoption
Cascino, Stefano; Gassen, Joachim - 2012
The mandatory adoption of IFRS by many countries worldwide fuels the expectation that financial accounting information … of mandatory IFRS adoption on the comparability of financial accounting information around the world. Using two … comparability proxies based on De Franco et al. [2011], our results suggest that the overall comparability effect of mandatory IFRS …
Persistent link: https://www.econbiz.de/10010281535
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Monetary Policy Shocks and Portfolio Choice
Fratzscher, Marcel; Saborowski, Christian; Straub, Roland - 2009
The paper shows that monetary policy shocks exert a substantial effect on the size and composition of capital flows and the trade balance for the United States, with a 100 basis point easing raising net capital inflows and lowering the trade balance by 1% of GDP, and explaining about 20-25% of...
Persistent link: https://www.econbiz.de/10011605168
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China's trade imbalances: The role of FDI
Wang, Yongqing; Wan, Guanghua - 2008
China has been running a large trade surplus with the rest of the world, particularly with the USA and EU. This has caused considerable diplomatic tensions and tremendous pressure on the Chinese currency. Existing analytical studies, however, mostly focus on real exchange rate and income as...
Persistent link: https://www.econbiz.de/10010273425
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Relationship between Trade Liberalisation, Economic Growth and Trade Balance: An Econometric Investigation
Parikh, Ashok; Stirbu, Corneliu - 2004
This is a study of 42 developing countries of Asia, Africa and Latin America in which we first examine the impact of trade liberalisation on economic growth, investment share of GDP, openness, trade balance and current accounts (as percentages of GDP). Both panel data and country by country data...
Persistent link: https://www.econbiz.de/10010295415
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Trade balances of the central and east European EU member states and the role of foreign direct investment
Herrmann, Sabine; Jochem, Axel - 2005
Given the large trade and current account deficits in some of the new EU member states the development of their external economic situation plays a role in assessing their aptitude to enter the European Monetary Union. The empirical analysis with aggregated data indicates that in the eight...
Persistent link: https://www.econbiz.de/10010295786
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Exchange Rate or Wage Changes in International Adjustment? Japan and China versus the United States
McKinnon, Ronald - 2005
Under the world dollar standard, a discrete appreciation by a dollar creditor country of the United States, such as China or Japan, has no predictable effect on its trade surplus. Currency appreciation by the creditor country will slow its economic growth and eventually cause deflation but...
Persistent link: https://www.econbiz.de/10010297476
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Europe agreements and trade balance: Evidence from four new EU members
Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - 2011
This paper analyses the trade balance effects of Europe agreements (EA) between the EU-15 and four new EU members from Central and Eastern Europe (CEEC-4) using both static and dynamic panel data approaches. Specifically, the system Generalized Method of Moments (GMM, Blundell and Bond, 1998)...
Persistent link: https://www.econbiz.de/10010274730
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Bilateral imbalances in Europe
Berger, Helge; Nitsch, Volker - 2012
This paper examines the association between trade and financial linkages among European countries. We find that, with the introduction of the euro, trade imbalances among euro area members widened considerably, even after allowing for permanent asymmetries in trade competitiveness within pairs...
Persistent link: https://www.econbiz.de/10010323739
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Exchange rate dynamics and trade balance in selected African countries
Shuaibu, Mohammed Isa; Isah, Abdulrasheed - In: Journal of African Trade 7 (2020) 1/2, pp. 69-83
African countries have over the years experienced persistent current account deficits. The role of asymmetries in explaining the response of trade balance to exchange rate movement has not received adequate attention as linear models dominate extant empirical literature. In this paper, we...
Persistent link: https://www.econbiz.de/10013470700