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Inherited or Earned? : Performance of Foreign Banks in Central and Eastern Europe
Jurzyk, Emilia Magdalena - 2010
borrowers in terms of lower lending rates. Previous studies failed to pick up the improvements in performance of takeover banks … foreign bank ownership on the performance and market power of acquired banks operating in Central and Eastern Europe. This … investors. We show that during three years after the takeover, banks have become more profitable due to cost minimization and …
Persistent link: https://www.econbiz.de/10014404324
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Tax administration and firm performance : new data and evidence for emerging market and developing economies
Dabla-Norris, Era; Misch, Florian; Cleary, Duncan; … - 2017
quality of tax administration affects firm performance for a large sample of firms in emerging market and developing economies …
Persistent link: https://www.econbiz.de/10011671089
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Spring forward or fall back? : the post-crisis recovery of firms
Medina, Leandro - 2012
This paper studies corporate performance in the aftermath of the global crisis by examining 6,581 manufacturing firms …
Persistent link: https://www.econbiz.de/10012671535
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Bank Ownership, Market Structure and Risk
De Nicolò, Gianni - 2007
This paper presents a model of a banking industry with heterogeneous banks that delivers predictions on the relationship between banks'' risk of failure, market structure, bank ownership, and banks'' screening and bankruptcy costs. These predictions are explored empirically using a panel of...
Persistent link: https://www.econbiz.de/10014400121
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Thin Capitalization Rules and Multinational Firm Capital Structure
Blouin, Jennifer L. - 2014
This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals. We construct a new data set on thin capitalization rules in 54 countries for the period 1982-2004. Using confidential...
Persistent link: https://www.econbiz.de/10014394323
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If the Fed acts, how do you react? : the liftoff effect on capital flows
Ahmed, Swarnali - 2015
After more than six years of ultra-low interest rates, a Fed liftoff (rate hike) is just a matter of time. This paper goes back to history to understand the spillover effect - or what is termed in the paper as the 'liftoff' effect - of the previous five Fed liftoffs on capital flows. Using a...
Persistent link: https://www.econbiz.de/10011446331
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Revisiting the potential impact to the rest of the Caribbean from opening US-Cuba tourism
Acevedo, Sebastian; Alleyne, Trevor; Romeu, Rafael - 2017
The Cuban revolution and the subsequent US embargo on Cuba helped shape the tourism sector in the Caribbean, facilitating the birth and growth of alternative destinations. Therefore, the apprehension of the Caribbean tourism industry towards a change in US travel policy to Cuba is...
Persistent link: https://www.econbiz.de/10011704403
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Does Global Liquidity Matter for Monetary Policy in the Euro Area?
Berger, Helge - 2009
Global excess liquidity is sometimes believed to limit sovereign monetary policy even in large economies, including the euro area. There is much discussion about what constitutes global excess liquidity and our approach adjusts liquidity for longer-term interest rate and output effects. We find...
Persistent link: https://www.econbiz.de/10014404266
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Real and Financial Vulnerabilities from Crossborder Banking Linkages
Kim, Kyunghun - 2014
This paper looks at the vulnerabilities stemming from banking sector linkages between countries and their macroeconomic effects. It finds that credit risks (from a banking system’s claims on other countries) and funding risks (from a banking system’s liabilities to another) have declined...
Persistent link: https://www.econbiz.de/10014411464