Banks, Taxes, and Nonbank Competition
Author
Abstract
Suggested Citation
DOI: 10.1007/s10693-017-0277-2
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Charles Kahn & George Pennacchi & Ben Sopranzetti, 1999.
"Bank Deposit Rate Clustering: Theory and Empirical Evidence,"
Journal of Finance, American Finance Association, vol. 54(6), pages 2185-2214, December.
- Charles M. Kahn & George Pennacchi & Ben Sopranzetti, 1996. "Bank deposit rate clustering: theory and empirical evidence," Working Papers (Old Series) 9604, Federal Reserve Bank of Cleveland.
- Kwangwoo Park & George Pennacchi, 2009.
"Harming Depositors and Helping Borrowers: The Disparate Impact of Bank Consolidation,"
The Review of Financial Studies, Society for Financial Studies, vol. 22(1), pages 1-40, January.
- Kwangwoo Park & George Pennacchi, 2004. "Harming depositors and helping borrowers: the disparate impact of bank consolidation," Proceedings 939, Federal Reserve Bank of Chicago.
- Kwangwoo Park & George Pennacchi, 2007. "Harming depositors and helping borrowers: the disparate impact of bank consolidation," Working Papers (Old Series) 0704, Federal Reserve Bank of Cleveland.
- Ashcraft, Adam B., 2008.
"Does the market discipline banks? New evidence from regulatory capital mix,"
Journal of Financial Intermediation, Elsevier, vol. 17(4), pages 543-561, October.
- Adam B. Ashcraft, 2006. "Does the market discipline banks? New evidence from the regulatory capital mix," Staff Reports 244, Federal Reserve Bank of New York.
- Joongho Han & Kwangwoo Park & George Pennacchi, 2015. "Corporate Taxes and Securitization," Journal of Finance, American Finance Association, vol. 70(3), pages 1287-1321, June.
- Loretta J. Mester & Leonard I. Nakamura & Micheline Renault, 2007.
"Transactions Accounts and Loan Monitoring,"
The Review of Financial Studies, Society for Financial Studies, vol. 20(3), pages 529-556.
- Loretta J. Mester & Leonard I. Nakamura & Micheline Renault, 2004. "Transactions accounts and loan monitoring," Working Papers 04-20, Federal Reserve Bank of Philadelphia.
- Loretta J. Mester & Leonard I. Nakamura, 2005. "Transactions accounts and loan monitoring," Working Papers 05-14, Federal Reserve Bank of Philadelphia.
- Hanson, Samuel G. & Shleifer, Andrei & Stein, Jeremy C. & Vishny, Robert W., 2015.
"Banks as patient fixed-income investors,"
Journal of Financial Economics, Elsevier, vol. 117(3), pages 449-469.
- Samuel Hanson & Andrei Shleifer & Jeremy C. Stein & Robert W. Vishny, "undated". "Banks as patient fixed-income investors," Working Paper 238646, Harvard University OpenScholar.
- Samuel G. Hanson & Andrei Shleifer & Jeremy C. Stein & Robert W. Vishny, 2014. "Banks as Patient Fixed Income Investors," Working Paper 151246, Harvard University OpenScholar.
- Samuel G. Hanson & Andrei Shleifer & Jeremy C. Stein & Robert W. Vishny, 2014. "Banks as Patient Fixed-Income Investors," NBER Working Papers 20288, National Bureau of Economic Research, Inc.
- Samuel Hanson & Andrei Shleifer & Jeremy C. Stein & Robert W. Vishny, 2014. "Banks as Patient Fixed Income Investors," Finance and Economics Discussion Series 2014-15, Board of Governors of the Federal Reserve System (U.S.).
- Douglas W. Diamond & Philip H. Dybvig, 2000.
"Bank runs, deposit insurance, and liquidity,"
Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 24(Win), pages 14-23.
- Diamond, Douglas W & Dybvig, Philip H, 1983. "Bank Runs, Deposit Insurance, and Liquidity," Journal of Political Economy, University of Chicago Press, vol. 91(3), pages 401-419, June.
- Chiappori, Pierre-Andre & Perez-Castrillo, David & Verdier, Thierry, 1995.
"Spatial competition in the banking system: Localization, cross subsidies and the regulation of deposit rates,"
European Economic Review, Elsevier, vol. 39(5), pages 889-918, May.
- Chiappori, P.A. & Perez-Castrillo, D. & Verdier, T., 1992. "Spatial Competition in the Banking System: Localization, Cross Subsidies and the Regulation of Deposit Rates," DELTA Working Papers 92-15, DELTA (Ecole normale supérieure).
- Becker, Bo, 2007. "Geographical segmentation of US capital markets," Journal of Financial Economics, Elsevier, vol. 85(1), pages 151-178, July.
- Steven C. Salop, 1979. "Monopolistic Competition with Outside Goods," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 141-156, Spring.
- DeAngelo, Harry & Stulz, René M., 2015. "Liquid-claim production, risk management, and bank capital structure: Why high leverage is optimal for banks," Journal of Financial Economics, Elsevier, vol. 116(2), pages 219-236.
- Ruud A. De Mooij & Michael Keen, 2016.
"Debt, Taxes, and Banks,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(1), pages 5-33, February.
- Mr. Michael Keen & Ruud A. de Mooij, 2012. "Debt, Taxes, and Banks," IMF Working Papers 2012/048, International Monetary Fund.
- Marvin Goodfriend & Monica Hargraves, 1983.
"A historical assessment of the rationales and functions of reserve requirements,"
Economic Review, Federal Reserve Bank of Richmond, vol. 69(Mar), pages 3-21.
- Marvin Goodfriend & Monica Hargraves, 1983. "A historical assessment of the rationales and functions of reserve requirements," Working Paper 83-01, Federal Reserve Bank of Richmond.
- Charles W. Calomiris & Sophia Chen, 2018.
"The Spread of Deposit Insurance and the Global Rise in Bank Asset Risk since the 1970s,"
NBER Working Papers
24936, National Bureau of Economic Research, Inc.
- Charles W. Calomiris & Sophia Chen, 2018. "The Spread of Deposit Insurance and the Global Rise in Bank Asset Risk since the 1970s," Working Papers id:12909, eSocialSciences.
- Charles W. Calomiris & Richard J. Herring, 2013. "How to Design a Contingent Convertible Debt Requirement That Helps Solve Our Too-Big-to-Fail Problem," Journal of Applied Corporate Finance, Morgan Stanley, vol. 25(2), pages 39-62, June.
- von Beschwitz, Bastian & Foos, Daniel, 2018.
"Banks’ equity stakes and lending: Evidence from a tax reform,"
Journal of Banking & Finance, Elsevier, vol. 96(C), pages 322-343.
- Daniel Foos & Bastian von Beschwitz, 2016. "Banks' Equity Stakes and Lending : Evidence from a Tax Reform," International Finance Discussion Papers 1183, Board of Governors of the Federal Reserve System (U.S.).
- von Beschwitz, Bastian & Foos, Daniel, 2018. "Banks' equity stakes and lending: Evidence from a tax reform," Discussion Papers 06/2018, Deutsche Bundesbank.
- Black, Fischer, 1975. "Bank funds management in an efficient market," Journal of Financial Economics, Elsevier, vol. 2(4), pages 323-339, December.
- Pennacchi, George & Vermaelen, Theo & Wolff, Christian C. P., 2014.
"Contingent Capital: The Case of COERCs,"
Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 49(3), pages 541-574, June.
- Wolff, Christian & Pennacch, George G., 2010. "Contingent Capital: The Case for COERCs," CEPR Discussion Papers 8028, C.E.P.R. Discussion Papers.
- Christian Wolff & Theo Vermaelen & George Pennacchi, 2010. "Contingent Capital: The Case for COERCs," LSF Research Working Paper Series 10-08, Luxembourg School of Finance, University of Luxembourg.
- repec:bla:jfinan:v:43:y:1988:i:2:p:375-96 is not listed on IDEAS
- Di Gong & Shiwei Hu & Jenny Ligthart, 2015.
"Does Corporate Income Taxation Affect Securitization? Evidence from OECD Banks,"
Journal of Financial Services Research, Springer;Western Finance Association, vol. 48(3), pages 193-213, December.
- Gong, D. & Ligthart, J.E., 2013. "Does Corporate Income Taxation Affect Securitization? Evidence from OECD Banks," Other publications TiSEM f9b428b8-baff-441e-a73d-2, Tilburg University, School of Economics and Management.
- Gong, D. & Ligthart, J.E., 2013. "Does Corporate Income Taxation Affect Securitization? Evidence from OECD Banks," Discussion Paper 2013-067, Tilburg University, Center for Economic Research.
- Gong, D. & Ligthart, J.E., 2013. "Does Corporate Income Taxation Affect Securitization? Evidence from OECD Banks," Other publications TiSEM 4dd3b595-be28-460f-8889-2, Tilburg University, School of Economics and Management.
- Schepens, Glenn, 2016. "Taxes and bank capital structure," Journal of Financial Economics, Elsevier, vol. 120(3), pages 585-600.
- John R. Graham, 2000. "How Big Are the Tax Benefits of Debt?," Journal of Finance, American Finance Association, vol. 55(5), pages 1901-1941, October.
- Luck, Stephan & Schempp, Paul, 2014.
"Banks, shadow banking, and fragility,"
Working Paper Series
1726, European Central Bank.
- Luck, Stephan & Schempp, Paul, 2015. "Banks, Shadow Banking, and Fragility," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113204, Verein für Socialpolitik / German Economic Association.
- Duca, John V., 2016. "How capital regulation and other factors drive the role of shadow banking in funding short-term business credit," Journal of Banking & Finance, Elsevier, vol. 69(S1), pages 10-24.
- Schandlbauer, Alexander, 2017. "How do financial institutions react to a tax increase?," Journal of Financial Intermediation, Elsevier, vol. 30(C), pages 86-106.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Ping-Lun Tseng & Wen-Chung Guo, 2022. "Fintech, Credit Market Competition, and Bank Asset Quality," Journal of Financial Services Research, Springer;Western Finance Association, vol. 61(3), pages 285-318, June.
- Ping‐Lun Tseng & Wen‐Chung Guo, 2022. "Bank risk‐taking in a mixed duopoly: The role of the state‐owned bank," International Review of Finance, International Review of Finance Ltd., vol. 22(4), pages 688-724, December.
- Dong Beom Choi & Hyun-Soo Choi, 2021.
"The Effect of Monetary Policy on Bank Wholesale Funding,"
Management Science, INFORMS, vol. 67(1), pages 388-416, January.
- Dong Beom Choi & Hyun-Soo Choi, 2016. "The effect of monetary policy on bank wholesale funding," Staff Reports 759, Federal Reserve Bank of New York.
- Bellucci, Andrea & Fatica, Serena & Heynderickx, Wouter & Kvedaras, Virmantas & Pagano, Andrea, 2023. "Liability taxes, risk, and the cost of banking crises," Journal of Corporate Finance, Elsevier, vol. 79(C).
- Guo, Wen-Chung & Tseng, Ping-Lun, 2023. "COVID-19, bank risk, and capital regulation: The aggregate shock and social distancing," The Quarterly Review of Economics and Finance, Elsevier, vol. 92(C), pages 155-173.
- Apergis, Nicholas & Dastidar, Sayantan Ghosh, 2024. "Local stock liquidity and local factors: Fresh evidence from US firms across states," Research in International Business and Finance, Elsevier, vol. 67(PA).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Hugonnier, Julien & Morellec, Erwan, 2017.
"Bank capital, liquid reserves, and insolvency risk,"
Journal of Financial Economics, Elsevier, vol. 125(2), pages 266-285.
- Julien Hugonnier & Erwan Morellec, 2014. "Bank Capital, Liquid Reserves, and Insolvency Risk," Swiss Finance Institute Research Paper Series 14-70, Swiss Finance Institute.
- Morellec, Erwan & Hugonnier, Julien, 2015. "Bank Capital, Liquid Reserves, and Insolvency Risk," CEPR Discussion Papers 10378, C.E.P.R. Discussion Papers.
- Gawehn, Vanessa, 2019. "Banks and corporate income taxation: A review," arqus Discussion Papers in Quantitative Tax Research 247, arqus - Arbeitskreis Quantitative Steuerlehre.
- Gornall, Will & Strebulaev, Ilya A., 2018. "Financing as a supply chain: The capital structure of banks and borrowers," Journal of Financial Economics, Elsevier, vol. 129(3), pages 510-530.
- Guo, Wen-Chung & Tseng, Ping-Lun, 2023. "COVID-19, bank risk, and capital regulation: The aggregate shock and social distancing," The Quarterly Review of Economics and Finance, Elsevier, vol. 92(C), pages 155-173.
- Kristoffer Milonas, 2018. "Bank Taxes, Leverage, and Risk," Journal of Financial Services Research, Springer;Western Finance Association, vol. 54(2), pages 145-177, October.
- Begenau, Juliane, 2020. "Capital requirements, risk choice, and liquidity provision in a business-cycle model," Journal of Financial Economics, Elsevier, vol. 136(2), pages 355-378.
- Franziska Bremus & Kirsten Schmidt & Lena Tonzer, 2018.
"Interactions between Regulatory and Corporate Taxes: How Is Bank Leverage Affected?,"
Discussion Papers of DIW Berlin
1757, DIW Berlin, German Institute for Economic Research.
- Bremus, Franziska & Schmidt, Kirsten & Tonzer, Lena, 2018. "Interactions between regulatory and corporate taxes: How is bank leverage affected?," IWH Discussion Papers 16/2018, Halle Institute for Economic Research (IWH).
- Schandlbauer, Alexander, 2017. "How do financial institutions react to a tax increase?," Journal of Financial Intermediation, Elsevier, vol. 30(C), pages 86-106.
- Bellucci, Andrea & Fatica, Serena & Heynderickx, Wouter & Kvedaras, Virmantas & Pagano, Andrea, 2023. "Liability taxes, risk, and the cost of banking crises," Journal of Corporate Finance, Elsevier, vol. 79(C).
- Sobiech, Anna L. & Chronopoulos, Dimitris K. & Wilson, John O.S., 2021. "The real effects of bank taxation: Evidence for corporate financing and investment," Journal of Corporate Finance, Elsevier, vol. 69(C).
- Bremus, Franziska & Schmidt, Kirsten & Tonzer, Lena, 2020.
"Interactions between bank levies and corporate taxes: How is bank leverage affected?,"
EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 118.
- Bremus, Franziska & Schmidt, Kirsten & Tonzer, Lena, 2020. "Interactions between bank levies and corporate taxes: How is bank leverage affected?," Journal of Banking & Finance, Elsevier, vol. 118(C).
- Bremus, Franziska & Schmidt, Kirsten & Tonzer, Lena, 2019. "Interactions between bank levies and corporate taxes: How is the bank leverage affected?," ESRB Working Paper Series 103, European Systemic Risk Board.
- Bremus, Franziska & Schmidt, Kirsten & Tonzer, Lena, 2020. "Interactions between bank levies and corporate taxes: How is bank leverage affected?," Discussion Papers 43/2020, Deutsche Bundesbank.
- Panagiotis Avramidis & Nikolaos Mylonopoulos & George G. Pennacchi, 2022. "The Role of Marketplace Lending in Credit Markets: Evidence from Bank Mergers," Management Science, INFORMS, vol. 68(4), pages 3090-3111, April.
- E. Chrétien & V. Lyonnet, 2017. "Traditional and Shadow Banks during the Crisis," Débats économiques et financiers 27, Banque de France.
- Carletti, Elena & De Marco, Filippo & Ioannidou, Vasso & Sette, Enrico, 2021.
"Banks as patient lenders: Evidence from a tax reform,"
Journal of Financial Economics, Elsevier, vol. 141(1), pages 6-26.
- Elena Carletti & Filippo De Marco & Vasso Ioannidou & Enrico Sette, 2019. "Banks as Patient Lenders: Evidence from a Tax Reform," BAFFI CAREFIN Working Papers 19110, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
- Ioannidou, Vasso & Carletti, Elena & De Marco, Filippo & Sette, Enrico, 2019. "Banks as Patient Lenders: Evidence from a Tax Reform," CEPR Discussion Papers 13722, C.E.P.R. Discussion Papers.
- David VanHoose, 2013. "Implications of Shifting Retail Market Shares for Loan Monitoring in a Dominant-Bank Model," Scottish Journal of Political Economy, Scottish Economic Society, vol. 60(3), pages 291-316, July.
- Luca, Oana & Tieman, Alexander F., 2019.
"Financial sector debt bias,"
Journal of Banking & Finance, Elsevier, vol. 107(C), pages 1-1.
- Ms. Oana Luca & Alexander F. Tieman, 2016. "Financial Sector Debt Bias," IMF Working Papers 2016/217, International Monetary Fund.
- Oana Luca & Alexander Tieman, 2019. "Financial sector debt bias," Post-Print hal-02285903, HAL.
- Smolyansky, Michael, 2019. "Policy externalities and banking integration," Journal of Financial Economics, Elsevier, vol. 132(3), pages 118-139.
- Sebastiaan Pool, 2018. "Mortgage debt and shadow banks," DNB Working Papers 588, Netherlands Central Bank, Research Department.
- Fudulache, Adina-Elena & Goetz, Martin R., 2023. "Long-term deposit funding and demand for central bank funds: Evidence from targeted longer-term refinancing operations," Discussion Papers 12/2023, Deutsche Bundesbank.
- Robert Hauswald & Robert Marquez, 2000. "Relationship Banking and Competition under Differentiated Asymmetric Information," Center for Financial Institutions Working Papers 00-13, Wharton School Center for Financial Institutions, University of Pennsylvania.
More about this item
Keywords
Bank taxation; Bank capital; Shadow banks;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jfsres:v:55:y:2019:i:1:d:10.1007_s10693-017-0277-2. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.