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International Taxation and Cross-Border Banking

Huizinga, Harry - 2012

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/10013098239

The Merits of Horizontal Versus Vertical FDI in the Presence of Uncertainty

Aizenman, Joshua; Marion, Nancy Peregrim - 2021

This paper examines the impact of uncertainty on the profitability of vertical and horizontal foreign direct investment (FDI). Vertical FDI takes place when the multinational fragments the production process internationally, locating each stage of production in the country where it can be done...

Persistent link: https://www.econbiz.de/10013217589

Organizational Complexity and Balance Sheet Management in Global Banks

Cetorelli, Nicola - 2016

financial conglomerates. We conjecture and provide evidence that the organizational complexity of the family of a bank is a … fundamental driver of the business model of the bank itself, as reflected in the management of the bank's own balance sheet. Using … change the scale of the lending channel for a large global bank by more than 30 percent …

Persistent link: https://www.econbiz.de/10012994377

Financial Development and the Instability of Open Economies

Aghion, Philippe; Banerjee, Abhijit V.; Bacchetta, Philippe - 2021

This paper introduces a framework for analyzing the role of financial factors as a source of instability in small open economies. Our basic model is a dynamic open economy model with a tradeable good produced with capital and a country-specific factor. We also assume that firms face credit...

Persistent link: https://www.econbiz.de/10013221113

The Contribution of Chinese FDI to Africa's Pre Crisis Growth Surge

Weisbrod, Aaron - 2011

In the 3 years before the 2008 Financial Crisis, GDP growth in sub Saharan Africa (averaged over individual economies) was around 6%, or 2 percentage points above mean growth rates for the preceding 10 years. This period also coincided with significant Chinese FDI flows into these countries,...

Persistent link: https://www.econbiz.de/10013119043

Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990-2010

Aizenman, Joshua - 2011

We investigate the relationship between economic growth and lagged international capital flows, disaggregated into FDI, portfolio investment, equity investment, and short-term debt. We follow about 100 countries during 1990-2010 when emerging markets became more integrated into the international...

Persistent link: https://www.econbiz.de/10013119605

Surviving the Global Financial Crisis : Foreign Ownership and Establishment Performance

Alfaro, Laura - 2011

We examine the differential response of establishments to the recent global financial crisis with particular emphasis on the role of foreign ownership. Using a worldwide establishment panel dataset, we investigate how multinational subsidiaries around the world responded to the crisis relative...

Persistent link: https://www.econbiz.de/10013123691

Foreign Direct Investors in Three Financial Crises

Lipsey, Robert E. - 2021

In each of three financial and exchange rate crises, Latin America in 1982, Mexico in 1994, and East Asia in 1997, direct investment inflows into the affected countries have behaved differently from other forms of investment, and U.S. manufacturing affiliates have behaved differently from other...

Persistent link: https://www.econbiz.de/10013217195

Fire-Sale FDI or Business as Usual?

Alquist, Ron - 2018

Using a new data set, we examine the characteristics and dynamics of cross-border mergers and acquisitions during emerging-market financial crises, that is, so-called "fire-sale FDI". Our findings shed fresh light on whether the transactions undertaken during crisis periods differ in fundamental...

Persistent link: https://www.econbiz.de/10012938544

From the Great Moderation to the Global Crisis : Exchange Market Pressure in the 2000s

Aizenman, Joshua; Yi, Chae-u; Sushko, Vladyslav - 2021

This paper investigates the factors explaining exchange market pressures (EMP) and the hoarding and use of international reserves (IR) by emerging markets during the 2000s, as the Great Moderation turned to the 2008-9 global crisis and great recession. According to our results, both financial...

Persistent link: https://www.econbiz.de/10013311931