Showing 1 - 10 of 543
To date, China has maintained a variety of restrictions on its financial markets. In addition to imposing capital controls and regulating interest rates, the government controls both the set of firms that can sell equity on the domestic or foreign stock markets, and the amount they can sell....
Persistent link: https://www.econbiz.de/10005778281
activities for a sample of banks in 38 countries over the 1998-2008 period. International double taxation of foreign-source bank …, and that the incidence of international double taxation of banks is on bank customers in the foreign subsidiary country …
Persistent link: https://www.econbiz.de/10010822022
Motivated by public policy debates about bank consolidation and conflicting theoretical predictions about the … relationship between the market structure of the banking industry and bank fragility, this paper studies the impact of bank … concentration, bank regulations, and national institutions on the likelihood of suffering a systemic banking crisis. Using data on …
Persistent link: https://www.econbiz.de/10005828828
bank-centered and market-centered financial systems. …
Persistent link: https://www.econbiz.de/10005829017
reinforce evidence in the literature on bank mergers that large-bank consolidation is adversely affecting access to credit for …
Persistent link: https://www.econbiz.de/10005829382
This paper provides a simple model showing that the extent of competition in credit markets is important in determining the value of lending relationships. Creditors are more likely to finance credit constrained firms when credit markets are concentrated because it is easier for these creditors...
Persistent link: https://www.econbiz.de/10005829795
consider the tradeoff between the benefits of direct bank monitoring to the firm and the costs of active bank involvement in …. Consistent with high potential costs of active bank involvement, we find that bankers tend to be represented on the boards of … implications for the current bank regulatory reform debate, such as whether to permit banks to own equity in non-financial firms …
Persistent link: https://www.econbiz.de/10005829808
This paper makes three contributions. First, I report information on the size of the Japanese financial crisis. Drawing principally on work by Fukao (2003) and Doi and Hoshi (2003) I estimate that the current taxpayer liability for losses incurred but yet to be recognized is likely to be at...
Persistent link: https://www.econbiz.de/10005830384
paper seeks to measure and compare how well authorities in 56 countries controlled bank risk shifting during the 1990s …
Persistent link: https://www.econbiz.de/10005830677
We test three hypotheses regarding changes in supervisory toughness' and their effects on bank lending. The data …, affected bank lending. However, all of the measured effects are small, with 1% or less of loans receiving harsher or easier … classification, about 3% of banks receiving better or worse CAMEL ratings, and bank lending being changed by 1% or less of assets. …
Persistent link: https://www.econbiz.de/10005830963