Das erste Kapitel der Dissertation untersucht die neu eingeführte Bankensteuer. Sie wird auf Verbindlichkeiten erhoben und zielt als Pigousteuer auf die Internalisierung der (fiskalischen) Kosten von Bankenkrisen ab. Im Zentrum der Analyse steht die Steuerinzidenz: Theorie und Evidenz legen...

The survey of foreign assets and liabilities of enterprises in Nigeria was conducted in 2014 to determine the 2013 stock of foreign assets/liabilities of Nigerian enterprises, as well as receiving sectors and origination/destination regions. The survey collected relevant information from 740...

We estimate the debt capacity of a firm as the critical debt ratio that causes a downgrade in creditworthiness. Unused debt capacities depict the temporal access to external debt funds and measure a firm's financial flexibility. Firms with high unused debt capacities realize a larger fraction of...

The years before the financial crisis saw a dramatic build-up in private debt levels in several countries and this increase was particularly marked in Ireland. In this paper, we look at whether outstanding debt taken out by small and medium sized enterprises in Ireland constrains current...

The 2013 survey of foreign assets and liabilities of enterprises in Nigeria was conducted to determine destination sectors of foreign private capital flows and economies where such investments originate. The survey covered 649 large establishments in Nigeria with 87.4 per cent response rate. The...

Diese kumulative Dissertation befasst sich mit den Ursachen und makroökonomischen Auswirkungen von Kreditbeschränkungen auf drei verschiedene ökonomische Akteure: Staaten, Firmen und Individuen. Die erste Arbeit untersucht Kreditbeschränkungen auf Staatenebene. In einer empirischen Analyse...

High corporate indebtedness can pose an important threat to the adjustment processes in some of the Euro area periphery countries, through its drag on investment as well as the possible migration of private sector losses to the sovereign balance sheet. This paper examines the macroeconomic...

This paper explores whether corporate tax bias toward debt finance differs between banks and nonbanks,using a large panel of micro data. On average, it finds that there is no significant difference. The marginal tax effect for both banks and non-banks is close to 0.2. However, the responsiveness...