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Persistent link: https://www.econbiz.de/10009758098
We study whether the mechanism design in the central bank liquidity auctions matters for the interbank money market interest rate levels and volatility. Furthermore, we compare different mechanisms to sell liquidity in terms of revenue, efficiency and auction stage interest rate levels and...
Persistent link: https://www.econbiz.de/10013075449
This paper investigates the size-efficiency relation of European cooperative banks during the 2006-2015 period. We employ the Stochastic Frontier Analysis in order to obtain inefficiency estimates and its determinants on the set of 183 cooperative banks from 12 European countries. This work...
Persistent link: https://www.econbiz.de/10011901962
analyze the reporting behavior and the degree of transparency across the reports. We observe a large heterogeneity with …
Persistent link: https://www.econbiz.de/10013239592
We analyze the effect of mandatory financial transparency on corporate tax avoidance. The effectiveness of … comprehensive tax transparency, in the form of a public Country-by-Country Reporting, to mitigate corporate tax planning is largely …
Persistent link: https://www.econbiz.de/10013248156
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011557140
We analyze the effect of mandatory financial transparency on corporate tax avoidance. Capital Requirements Directive IV …
Persistent link: https://www.econbiz.de/10012853394
We explore whether the transparency in banks' lending activities enhances the harmonization of credit terms that a bank … information on loan characteristics and performance. We find that loans originated under the transparency regime share more … convergence in their credit terms, suggesting that transparency facilitates learning across a bank's different geographic regions …
Persistent link: https://www.econbiz.de/10012154163
analyze the reporting behavior and the degree of transparency across the reports. We observe a large heterogeneity with …
Persistent link: https://www.econbiz.de/10012434484
Using Bayesian Monte Carlo methods, we augment a stochastic distance function measure of bank efficiency and productivity growth with indicators of capitalization, return and risk. Our novel Multiple Indicator-Multiple Cause (MIMIC) style model generates more precise estimates of policy relevant...
Persistent link: https://www.econbiz.de/10014048864