Showing 1 - 10 of 2,303
This paper analyzes how corporate taxation and regulatory requirements affect the location of financial sector FDI. We use novel information on new financial services entities established by multinational firms in 83 host countries. We find a negative effect of host country taxes on the...
Persistent link: https://www.econbiz.de/10011334235
The financial crisis has led to a reconsideration of banks' global business models. Using a dataset derived from the … of post-crisis regulatory reform, the long-term trend toward local banking is likely to accelerate, especially if …
Persistent link: https://www.econbiz.de/10013081436
After the global financial crisis, the size of the banking sector has become a hotly debated topic. To measure the size …
Persistent link: https://www.econbiz.de/10013087021
This paper examines blanket guarantee and restructuring decisions in respect of a multinational bank (MNB) using Nash bargaining, when the threat of a panic motivates countries to take decisions quickly. The failure of the bank would cause unevenly distributed externalities between the countries...
Persistent link: https://www.econbiz.de/10013157002
Financial Crisis and other times. In addition, CB liquidity creation results in reduced national financial stability …
Persistent link: https://www.econbiz.de/10012897581
This paper examines whether the risk-taking behavior of foreign affiliates of multinational banks is more influenced by the national culture of their parent banks' home country or the national culture of foreign affiliates' host country. The study uses a dataset of 292 foreign affiliates (i.e.,...
Persistent link: https://www.econbiz.de/10012969570
in the Central and Eastern European (CEE) region before and during the crisis. We use a bank-level dataset on Western … lending growth before and during the crisis. The onset of the crisis not only lowered subsidiary lending growth in the CEE … strong evidence that this crisis effect is significantly less pronounced for subsidiaries participating in the Vienna …
Persistent link: https://www.econbiz.de/10012971301
This article prices OTC derivatives with either an exogenously determined initial margin profile or endogenously approximated initial margin. In the former case, margin valuation adjustment (MVA) is defined as the liability-side discounted expected margin profile, while in the latter, an...
Persistent link: https://www.econbiz.de/10013003267
This paper studies the effect of securitization in financial conglomerates on their risk choice, and compares it with the choice of standalone banks. Loan sales in conglomerates avoid information asymmetry, which enables conglomerate banks to shift worse loan risk to the deposit insurance by...
Persistent link: https://www.econbiz.de/10013049190
We employ an event study methodology to investigate the stock price reaction around the day of the political decision to include a country-by-country reporting obligation for EU financial institutions. We do not find significant abnormal returns for the banks affected. Sample splits according to...
Persistent link: https://www.econbiz.de/10012921196