When a Canadian parent corporation guarantees a debt obligation incurred by its foreign affiliate subsidiary, the issue arises whether the Canadian transfer pricing rules require the Canadian parent to receive an arm's length guarantee fee from the foreign affiliate. Proposed subsection 247(7.1)...

The efficiency of federal lending guarantees depends on whether guarantees increase lending supply, or simply act as a subsidy to lenders. We use notches in the guarantee rate schedule for loans backed by the Small Business Administration to estimate the elasticity of bank lending volume to loan...

This paper studies the effects of the bank capital requirements imposed by the European authorities in October 2011 on loan collateral and personal guarantees usage to enhance capital ratios. We use detailed information on the loan contracts granted by a representative Spanish bank and several...