4,255 research outputs found
Are there synergies between World Bank partial credit guarantees and private lending?
Get PDFSince 1994, the World Bank has provided partial credit guarantees to private financiers of several large infrastructure projects in developing countries. A major objective of the partial guarantee program is to leverage Bank resources so as to provide developing countries with better private credit terms. A real test of the efficacy of World Bank partial credit guarantees is whether they also lower the interest rate and lengthen the effective maturity of the part of the credit not covered by the World Bank guarantee. On the basis of deals closed so far, the author finds no evidence that guarantees have affected nonguaranteed interest rates favorably, while the duration of the nonguaranteed credits remains relatively short.International Terrorism&Counterterrorism,Payment Systems&Infrastructure,Banks&Banking Reform,Economic Theory&Research,Strategic Debt Management,Financial Crisis Management&Restructuring,Banks&Banking Reform,Economic Theory&Research,Strategic Debt Management,Insurance&Risk Mitigation
Risque bancaire, capital bancaire et décotes sur le marché secondaire de la dette des pays en voie de développement
No full textOzler Sule, Huizinga Harry. Risque bancaire, capital bancaire et décotes sur le marché secondaire de la dette des pays en voie de développement . In: Revue d'économie financière, n°22, 1992. L’indépendance des Banques centrales . pp. 109-127
Harry Pepper Fonds
No full textThe fonds consists of newspaper articles written by Harry Pepper from the Rossland Miner and the Trail Times.Born in 1913, Harry Pepper spent most of his youth in Suffolk, England, before immigrating to Canada in 1929. He spent his early years in Canada working on farms during the summer months, and in the bush during the winter. In 1940 he enlisted for the war, and joined the RoyaL Canadian Artillery, fighting in the 8th Canadian Field Regiment. During the war, Harry served in England, North Africa, Italy, France, Belgium and Holland. While overseas, he married, and his new family returned to Canada in 1945. He moved to Trail as a foreman of the 4X Bakery in 1946, and was later employed by Buchan’s Bakery. In 1949 he began working at Cominco, and stayed there until his retirement. Harry Pepper was incredibly active in the sports community in Rossland, and volunteered with soccer, baseball, softball, lacrosse, and hockey. He was also an avid Curler and Golfer. He wrote a sports column for the Rossland Miner called “As I See It” and stayed with the newspaper until the building burned down and it subsequently went out of business. On his 60th birthday, he was asked to do a sports column in the Trail Daily Times called “Pepp Talk”
Letter from Harry and Yaso Ueno to Michi and Walter Weglyn, June 03, 1987
No full textA letter from Harry and Yaso Ueno to Michi and Walter Weglyn in which the authors lament a United States Supreme Court and criticize Japanese American Citizens' League (JACL) leader Mike Masaoka.These materials are from box 73 and 74 of the Frank Chin Papers. The Frank Chin Papers contain personal and professional correspondence between Frank Chin and Michi Weglyn relating to particular projects on which either author was working as well as files related to the Day of Remembrance Tribute to Michi Weglyn
Deposit insurance and international bank deposits
Get PDFThis paper examines how international depositors respond to national deposit insurance policies. Countries with explicit deposit insurance are found to be relatively attractive to international non-bank depositors. Deposit schemes characterized by coinsurance, a private administration, and a low deposit insurance premium appear to be particularly favored by these depositors. The sensitivity of non-bank deposits to deposit insurance policies opens up the possibility of international regulatory competition in this area. The EU directive on deposit insurance imposes minimum standards on national deposit insurance policies. This directive, however, is silent on several important features of deposit insurance such as the level of the deposit insurance premium. Hence, it may not preclude regulatory competition in Europe.deposit insurance, international deposit
The Political Economy of Capital Income and Profit Taxation in a Small Open Economy.
Get PDFThis paper considers the political economy of the mix of profit, investment and saving taxation in a small open economy where agents generally differ in their shares of profit and other income. In this setting, capital income taxation can have the dual role of financing government spending and of redistributing income. With majority voting, the paper can explain why distorting saving taxation exists, even if profits are not taxed to the fullest extent. Alternatively, saving may be subsidized, even if profit and investment are highly taxed. This paper further examines the role of the foreign ownership of domestic firms in explaining capital income taxation.
Letter from W. W. Bass to Harry Welch, (Phoenix) Chamber of Commerce
No full textLetter from W. W. Bass to Harry Welch protesting the proposed national park bill
Capital structure and international debt shifting
Get PDFThis paper presents a model of a multinational firm's optimal debt policy that incorporates international taxation factors. The model yields the prediction that a multinational firm's indebtedness in a country depends on a weighted average of national tax rates and differences between national and foreign tax rates. These differences matter as multinationals have an incentive to shift debt to high-tax countries. The predictions of the model are tested using a novel firm-level dataset for European multinationals and their subsidiaries, combined with newly collected data on the international tax treatment of dividend and interest streams. The empirical results show that corporate debt policy indeed not only reflects domestic corporate tax rates but also differences in international tax systems. These findings contribute to understanding how corporate debt policy is set in an international context.corporate taxation, financial structure, debt shifting, corporate debt policy, capital structure, Huizinga, Laeven, Nicodeme
Foreign Banks in Eastern Europe: Mode of Entry and Effects on Bank Interest Rates
Get PDFCredit markets in many Eastern European countries are now dominated by foreign-owned banks. We analyze the development for foreign ownership and its impact on lending rate in ten Eastern European countries between 1995 and 2003. Currently, the majority of loans from foreign banks is granted by acquired banks. The presence of foreign acquired banks as measured by their relative number among the banks in our dataset increased somewhat slower than that of foreign de novo banks. However, since market entry through acquisition allows acquiring a credit portfolio and a customer base, acquired banks were able to expand their market share much faster than the foreign de novo banks. Our results also show that the interest rate decreased after foreign bank entry. Moreover, while the reduction in interest rates of domestic banks is more pronounced in the case of foreign entry through a de novo investment, foreign de novo banks charge higher interest rates than foreign acquired banks.SME; Banking; Foreign Entry; Mode of Entry; Interest Rate
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