The organization structure of global banks affects how they respond to liquidity shocks and matters for international … shock transmission. Liquidity shocks to global banks induces a fire sales of securities by their international branches that … rely on parent banks for funding, but not by their international subsidiaries that are independently capitalized and …

for foreign banks in a financial center. We apply recently developed non-parametric methods with bootstrap to estimate …. The most efficient business model appears to be a focused asset, funding and income strategy. Banks' organizational forms …

die Europäische Union durch die Einführung der konsolidierten Körperschaftsteuer-Bemessungsgrundlage zu beseitigen. Dieses … Konzept sieht innerhalb eines Konzerns vor, die Bemessungsgrundlage aller Konzernunternehmen nach einheitlichen Standards zu …

The paper examines how country tax differences affect a multinational enterprise's choice to centralize or de … - here, as a strategic pre-commitment device and a tax manipulation instrument -, we show that (de-)centralized decisions are … more profitable when tax differentials are (small) large. …